Herkul Foundation Inc

Analysis

Herkul Foundation Inc is a registered charity in United States, based in Clifton, NJ. It received its IRS tax-exemption ruling in September 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Herkul Foundation Inc reported income of $75k and spending of $31k, leaving 58% of income unspent that year. Across the 2 years on record, from December 2019 to December 2023, income fell from $145k to $75k (-48%), an average of -48% a year. The sharpest change came in the year to December 2023, when income dropped by 48%. Over the whole period it spent 73% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Herkul Foundation Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 37th percentile within NJ. Charities of a similar size with the same main cause include Powdersville High School Athletic Booster Club Inc ($75k), Cooperating Raleign Colleges ($75k) and Parent Engagement Network ($75k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $92k against liabilities of $0, net assets of $92k.