Hammonton Education Foundation Inc

Analysis

Hammonton Education Foundation Inc is a registered charity in United States, based in Hammonton, NJ. It received its IRS tax-exemption ruling in October 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Hammonton Education Foundation Inc reported income of $54k and spending of $31k, leaving 42% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income fell from $74k to $54k (-27%), an average of -27% a year. The sharpest change came in the year to June 2024, when income dropped by 27%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hammonton Education Foundation Inc 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 21st percentile, and in the 28th percentile within NJ. Charities of a similar size with the same main cause include Ridgemoor Elementary PTO ($54k), San Juan County Sheriffs Office Foundation Inc ($54k) and Civic Software Foundation ($54k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 1.2% of the total. At year end it held assets of $65k against liabilities of $0, net assets of $65k.