Bill Kelly Jr Memorial Fund

Analysis

Bill Kelly Jr Memorial Fund is a registered charity in United States, based in Brant Beach, NJ. It received its IRS tax-exemption ruling in October 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bill Kelly Jr Memorial Fund reported income of $55k and spending of $8,515, leaving 85% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $79k to $55k (-30%), an average of -30% a year. The sharpest change came in the year to December 2023, when income dropped by 30%. Over the whole period it spent 67% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bill Kelly Jr Memorial Fund sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 29th percentile within NJ. Charities of a similar size with the same main cause include Peirce School Parent Teacher Organization Inc ($55k), Country Springs Elementary School Parent Faculty Association ($55k) and Hope Christian Academy of Fulton County ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 77% of the total. At year end it held assets of $85k against liabilities of $0, net assets of $85k.