Gary and Jeanette Herbert Foundation

Analysis

Gary and Jeanette Herbert Foundation is a registered charity in United States, based in Murray, UT. It received its IRS tax-exemption ruling in March 2020, 6 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 December 2023, Gary and Jeanette Herbert Foundation reported income of $474k and spending of $1.7m, spending 361% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $321k to $474k (+47%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 947%. Over the whole period it spent 66% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gary and Jeanette Herbert Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within UT. Charities of a similar size with the same main cause include Uss Idaho Commissioning Foundation Inc ($473k), Idacorp Employee Community Services Fund Inc ($474k) and Wind River Community Alliance ($473k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. It paid $106k in professional fundraising fees. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.