The Herren Project

Analysis

The Herren Project is a registered charity in United States, based in Portsmouth, RI. It received its IRS tax-exemption ruling in June 2012, 14 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 July 2023, The Herren Project reported income of $2.0m and spending of $2.1m, spending 109% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income grew from $1.2m to $2.0m (+66%), an average of +14% a year. The sharpest change came in the year to July 2020, when income rose by 38%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Herren Project sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 82nd percentile within RI. Charities of a similar size with the same main cause include Floating Hospital Foundation Inc ($2.0m), St Clair Hospital Upmc Cancer Center Pet CT ($2.0m) and Gateway House Inc ($2.0m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 99% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $81k (3.8% of expenses). Other salaries and wages came to $863k. At year end it held assets of $945k against liabilities of $67k, net assets of $878k. It reported 20 employees.