Herko Family Mission Fund Inc

Analysis

Herko Family Mission Fund Inc is a registered charity in United States, based in Nicholasville, KY. It received its IRS tax-exemption ruling in July 1986, 40 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 June 2023, Herko Family Mission Fund Inc reported income of $173k and spending of $164k, spending 95% of its income. Across the 4 years on record, from June 2019 to June 2023, income fell from $201k to $173k (-14%), an average of -4.9% a year. The sharpest change came in the year to June 2023, when income dropped by 16%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Herko Family Mission Fund Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 50th percentile within KY. Charities of a similar size with the same main cause include St James Hospital Medical Staff Fund ($173k), Hamilton-Wenham Little League Inc ($173k) and Alcoholics Anonymous Alana Club ($173k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $257k against liabilities of $1,764, net assets of $255k.