Charity Search / HERBERT BEARMAN FOUNDATION INC
Philanthropy & Grantmaking (T22Z) 990 on File

HERBERT BEARMAN FOUNDATION INC

EIN: 31-1602562 · OWINGS MILLS, MD 21117-1657 · United States · FY 2024 Data
3 out of 5 51 / 100 Based on 2+ years of filings
Financial strength (30%) 90/100
Reliability (20%) 55/100
Effectiveness (25%) 51/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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CharityAI™ Score
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Financial Overview — FY 2024
$3.0M
Total Revenue
$2.5M
Total Expenses
$33.6M
Net Assets
N/A
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 86.7%
Fundraising Efficiency N/A
Operating Reserve 163.98x
Liability-to-Asset 0.0%
Revenue Diversification 86.8%
Executive Compensation $162K
Compared with Peers
FY 2024
Compared with 5,337 similar organizations (United States, Philanthropy & Grantmaking, $1M–$10M in expenses), FY 2024.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
86.7% 90.9%
P10P90
Below median
Operating reserve
Months of expenses covered by net assets · higher is better
164.0 mo 80.9 mo
P10P90
Above median
Liabilities to assets
Total liabilities / total assets · lower is better
0.0% 0.0%
P10P90
Top quarter
Revenue concentration
Share of revenue from the largest source · lower is better
86.8% 89.7%
P10P90
Above median
Revenue growth
Year over year revenue growth
239.7% 21.6%
P10P90
Expense growth
Year over year expense growth
-1.2% 9.6%
P10P90
Surplus margin
Surplus as a share of revenue
19.4% 2.5%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $3.0M $2.5M $33.6M 86.7% —
2023 $897K $2.5M $32.2M 87.6% —
2022 $614K $2.3M $33.7M 86.0% —
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Organization Details
EIN
31-1602562
State
MD
City
OWINGS MILLS
ZIP
21117-1657
Classification
T22Z
Category
Philanthropy & Grantmaking
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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