F B Heron Foundation is a 501(c)(3) organization based in New Haven, Connecticut, registered in 1992, with $8,390,805 in FY2023 revenue. CharityIndex grades it D.
Revenue (FY2023)
$8.4M
▼ 75.2% vs prior year
Expenses (FY2023)
$24.9M
Net assets
$325.5M
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for F B Heron Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For F B Heron Foundation: 157 mo reserves · -197% margin earns a F on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for F B Heron Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For F B Heron Foundation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue declined from $46.8M (FY2020) to $8.4M (FY2023) across 4 reported years.
Financial snapshot
Operating margin
-197.0%
Spent more than it raised in the latest fiscal year.
Total assets
$326.9M
Total liabilities
$1.4M
Net assets
$325.5M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $8,390,805▼75.2% | $24,916,796▼31.5% | $325,516,631▲4.9% | $326,924,230▲4.8% | 990PF |
| 2022 | $33,774,082▲19.4% | $36,349,061▲133% | $310,353,852▼24.3% | $311,913,606▼24.4% | 990PF |
| 2021 | $28,288,660▼39.5% | $15,613,585▼8.3% | $409,917,410▲14.5% | $412,823,233▲14.5% | 990PF |
| 2020 | $46,751,872 | $17,018,329 | $357,876,917 | $360,659,886 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for F B Heron Foundation (EIN 13-3647019) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.