Hera Inc

Analysis

Hera Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover health care, 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 December 2023, Hera Inc reported income of $72k and spending of $193k, spending 267% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $151k to $72k (-52%), an average of -52% a year. The sharpest change came in the year to December 2023, when income dropped by 52%. Over the whole period it spent 130% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hera Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 37th percentile within MA. Charities of a similar size with the same main cause include Rangely District Hospital Foundation ($72k), Hygienist Recommended Inc ($72k) and First Responder Golf Foundation ($72k).

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 $26k against liabilities of $146k, net assets of -$120k.