Charity Search / THE HERMAN J RUSELL FOUNDATION
Philanthropy & Grantmaking (T20Z) 990 on File

THE HERMAN J RUSELL FOUNDATION

EIN: 58-6343476 · DETROIT, MI 48275-7874 · United States · FY 2024 Data
3 out of 5 43 / 100 Based on 2+ years of filings
Financial strength (30%) 65/100
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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Financial Overview — FY 2024
$559K
Total Revenue
$260K
Total Expenses
$738K
Net Assets
N/A
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 98.0%
Fundraising Efficiency N/A
Operating Reserve 34.03x
Liability-to-Asset 0.0%
Revenue Diversification 94.0%
Compared with Peers
FY 2024
Compared with 16,645 similar organizations (United States, Philanthropy & Grantmaking, $100K–$1M 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
98.0% 90.2%
P10P90
Top quarter
Operating reserve
Months of expenses covered by net assets · higher is better
34.0 mo 95.2 mo
P10P90
Below 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
94.0% 90.4%
P10P90
Below median
Revenue growth
Year over year revenue growth
-88.2% 18.5%
P10P90
Expense growth
Year over year expense growth
-94.0% 6.7%
P10P90
Surplus margin
Surplus as a share of revenue
53.4% 1.2%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $559K $260K $738K 98.0% —
2023 $4.7M $4.3M $440K 99.9% —
2022 $3K $4K $20K 0.0% —
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Organization Details
EIN
58-6343476
State
MI
City
DETROIT
ZIP
48275-7874
Classification
T20Z
Category
Philanthropy & Grantmaking
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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