Herzog Tomorrow Foundation

Analysis

Herzog Tomorrow Foundation is a registered charity in United States, based in Smithville, MO. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Herzog Tomorrow Foundation reported income of $3.8m and spending of $4.7m, spending 125% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $4.6m to $3.8m (-18%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 18%. Over the whole period it spent 90% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Herzog Tomorrow Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MO. Charities of a similar size with the same main cause include Jewish Federation of Greater Portland ($3.8m), Mutual Aid Sharing Plan ($3.8m) and Rainbow Sandals Foundation ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. It paid $194k in professional fundraising fees. At year end it held assets of $806k against liabilities of $0, net assets of $806k. It reported 2 employees.