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Herald Foundation

Ashtabula, Ohio · EIN 34-1689754 · Education · tax-exempt since 1992

D

Charity Clarity grade D (score 40.6 of 100), based on the Form 990 for the year ended August 2022.

Graded against 31,970 education nonprofits with revenue under $100K filing the same form. A = top 10%, B = next 20%, C = middle 40%, D = next 20%, F = bottom 10%.

What goes into the grade

MeasureThis charityScore (0–100)
ReservesMonths of spending covered by unrestricted net assets.0.0 months0
GovernanceBoard independence, key policies and audit, per the 990.48% of practices48
Margin stabilityHow steady the surplus or deficit is year to year.2
Revenue spreadHow much revenue rests on one type of income.0% from one source100
Filing recordOn-time, complete filings, year after year.100%100

Scores compare this charity with its peer group; 100 is best. How Charity Clarity rates charities.

Year by year

201620172018201920212022grey: revenue · green: spending
Year endedFormRevenueSpendingSurplusNet assetsMonths of spendingStaffGrade
Aug 2022Form 990$55$66−$11$00.00D
Aug 2021Form 990$15$481−$466$00.00D
Aug 2019Form 990$27$10K−$10K$21K23.60C
Aug 2018Form 990$30$495−$465$31K752.70D
Aug 2017Form 990$37$477−$440$32K792.80D
Aug 2016Form 990$286$596−$310$00.00F

From the organisation’s own IRS filings. “Months of spending” is total net assets divided by a month of that year’s spending. A blank grade means that year was not rated.

Read the filings

Every figure here comes from the returns this charity filed with the IRS. These sites show the full returns and more about the organisation:

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