David M Herskovits Foundation

Analysis

David M Herskovits Foundation is a registered charity in United States, based in Boca Raton, FL. It received its IRS tax-exemption ruling in December 2021, 5 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, David M Herskovits Foundation reported income of $155k and spending of $51k, leaving 67% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $120k to $155k (+29%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 26% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, David M Herskovits Foundation sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 52nd percentile within FL. Charities of a similar size with the same main cause include Charlie Life and Leadership Academy ($155k), Children of Promise Stable Inc ($155k) and Five Oaks Academy PTO Inc ($155k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $205k against liabilities of $0, net assets of $205k.