Friends of the Heralds NFP

Analysis

Friends of the Heralds NFP is a registered charity in United States, based in Wheaton, IL. It received its IRS tax-exemption ruling in November 2012, 14 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of the Heralds NFP reported income of $61k and spending of $68k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $220k to $61k (-72%), an average of -27% a year. The sharpest change came in the year to December 2020, when income dropped by 73%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of the Heralds NFP sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 25th percentile within IL. Charities of a similar size with the same main cause include Lakeside High School Athletic Boosters Incorporated ($61k), PTA California Congress of Parents Teachers & Students Inc ($61k) and Julius Edgar Lilienfeld Trust Fbo American Physical Society ($61k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $6,964 against liabilities of $0, net assets of $6,964.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.