Herman L Anderson Inc is a 501(c)(3) organization based in Myrtle Beach, South Carolina, registered in 2005, with $2,815,556 in FY2024 revenue. CharityIndex grades it D.
Revenue (FY2024)
$2.8M
▼ 13.1% vs prior year
Housing median: $408K
Expenses (FY2024)
$2.7M
Net assets
-$1.5M
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 Herman L Anderson Inc— 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 Herman L Anderson Inc: 0 mo reserves · +5% 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 Herman L Anderson Inc— 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 Herman L Anderson Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $2.2M (FY2013) to $2.8M (FY2024) across 12 reported years.
Financial snapshot
Operating margin
5.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$3.6M
Total liabilities
$5.1M
Net assets
-$1.5M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $2,815,556▼13.1% | $2,674,604▼5.0% | -$1,469,770▲8.8% | $3,611,810▼3.7% | 990 |
| 2023 | $3,240,482▲19.0% | $2,813,913▼3.7% | -$1,610,722▲20.9% | $3,751,716▲1.1% | 990 |
| 2022 | $2,722,476▲12.7% | $2,921,125▲0.1% | -$2,037,291▼10.8% | $3,710,332▼1.5% | 990 |
| 2021 | $2,414,743▼17.1% | $2,917,455▲1.0% | -$1,838,642▼19.1% | $3,768,497▼3.6% | 990 |
| 2020 | $2,911,584▲0.5% | $2,887,212▲4.0% | -$1,543,639▲1.6% | $3,909,127▼3.8% | 990 |
| 2019 | $2,895,942▲6.6% | $2,776,086▲0.4% | -$1,568,011▲7.1% | $4,065,600▲1.7% | 990 |
| 2018 | $2,717,107▲6.5% | $2,765,976▲6.3% | -$1,687,867▼3.0% | $3,996,850▼3.5% | 990 |
| 2017 | $2,550,282▲4.0% | $2,601,816▲2.4% | -$1,638,998▼3.2% | $4,143,153▼1.9% | 990 |
| 2016 | $2,452,393▲1.9% | $2,540,474▲0.6% | -$1,587,464▼5.9% | $4,223,937▼4.5% | 990 |
| 2015 | $2,405,497▲7.0% | $2,526,339▲9.3% | -$1,499,383▼8.8% | $4,420,788▼3.9% | 990 |
| 2014 | $2,247,366▲0.8% | $2,310,979▲9.3% | -$1,378,542▼4.8% | $4,599,268▼3.5% | 990 |
| 2013 | $2,228,811 | $2,114,566 | -$1,314,929 | $4,766,289 | 990 |
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 Herman L Anderson Inc (EIN 30-0270917) 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.