Herald and Banner Press

Analysis

Herald and Banner Press is a registered charity in United States, based in Overland Park, KS. It received its IRS tax-exemption ruling in July 1970, 56 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Herald and Banner Press reported income of $391k and spending of $445k, spending 114% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $384k to $391k (+1.8%), an average of +0.6% a year. The sharpest change came in the year to December 2022, when income rose by 28%. Over the whole period it spent 116% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Herald and Banner Press sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 67th percentile within KS. Charities of a similar size with the same main cause include Juneau Jazz and Classics Inc ($391k), Center Grove Trojan Band Boosters I NC ($391k) and Demolay International ($391k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.8% and program service revenue 147% of the total. Other salaries and wages came to $196k. At year end it held assets of $646k against liabilities of $6,502, net assets of $640k. It reported 7 employees.

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.