Herk Foundation
EIN: 262640843 · Hernando, MS · NTEE: B82
| Metric | Value |
|---|---|
| Total Revenue | $1K |
| Total Expenses | $1K |
| Net Assets | $993 |
Is Herk Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Herk Foundation
Herk Foundation (EIN: 262640843) is a nonprofit organization based in Hernando, MS, classified under NTEE code B82. The organization reported total revenue of $1K and total assets of $799 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Herk Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Herk Foundation is a micro nonprofit that has been operating for 4 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 107.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1K |
| Total Expenses | $1K |
| Surplus / Deficit | +$373 |
| Total Assets | $994 |
| Total Liabilities | $1 |
| Net Assets | $993 |
| Operating Margin | 25.2% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 10.8 months |
Financial Health Grade: A
In 2023, Herk Foundation reported a surplus of $373 with revenue exceeding expenses, holds 10.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 2 years of filings (2022–2023), Herk Foundation's revenue has grown at a compound annual growth rate (CAGR) of 107.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +107.1% | +1078.7% | +60.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Herk Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Herk Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $373, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Frequently Asked Questions about Herk Foundation
Is Herk Foundation a legitimate charity?
Herk Foundation (EIN: 262640843) is a registered tax-exempt nonprofit based in Mississippi. It has 2 years of IRS 990 filings on record. Total revenue: $1K. No red flags identified. Financial health grade: A.
How does Herk Foundation spend its money?
Herk Foundation reported $1K in total revenue in IRS 990 filings. 2 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Herk Foundation tax-deductible?
Herk Foundation is registered as a tax-exempt nonprofit (EIN: 262640843). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Herk Foundation located?
Herk Foundation is headquartered in Hernando, Mississippi and files with the IRS under EIN 262640843. It is classified under NTEE code B82.
How many years of IRS 990 filings does Herk Foundation have?
Herk Foundation has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $1K in total revenue.
Filing History
IRS 990 filing history for Herk Foundation showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Herk Foundation's revenue has grown by 107.1%, moving from $715 to $1K. Total assets increased by 60.1% over the same period, from $621 to $994. Total functional expenses rose by 1078.7%, from $94 to $1K. In its most recent filing year (2023), Herk Foundation reported a surplus of $373, with revenue exceeding expenses. The organization holds $1 in liabilities against $994 in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $993.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1K | $1K | $994 | $1 | — | — |
| 2022 | $715 | $94 | $621 | $1 | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Herk Foundation:
Data Sources and Methodology
This transparency report for Herk Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.