Herb-It-Forward-Foundation

Analysis

Herb-It-Forward-Foundation is a registered charity in United States, based in Bryn Mawr, PA. It received its IRS tax-exemption ruling in February 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Herb-It-Forward-Foundation reported income of $281k and spending of $329k, spending 117% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $231k to $281k (+22%), an average of +5.0% a year. The sharpest change came in the year to September 2020, when income rose by 33%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Herb-It-Forward-Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within PA. Charities of a similar size with the same main cause include Jami-Ul-Jalil Muslim Organisation ($281k), Rancho Bernardo High School Music Boosters Inc ($281k) and City of Wahoo Public Library Foundation ($281k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $295k against liabilities of $50k, net assets of $245k.