Martinsville Giving Nest Inc

Analysis

Martinsville Giving Nest Inc is a registered charity in United States, based in Watchung, NJ. It received its IRS tax-exemption ruling in July 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Martinsville Giving Nest Inc reported income of $2.0m and spending of $1.6m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.0m (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2021, when income rose by 60%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Martinsville Giving Nest Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within NJ. Charities of a similar size with the same main cause include Early Learning Child Care Inc ($2.0m), Waldorf School at Moraine Farm Inc ($2.0m) and Digital Ready Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 87% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $1.0m against liabilities of $156k, net assets of $861k.