Academics in Motion Inc

Analysis

Academics in Motion Inc is a registered charity in United States, based in Manasquan, NJ. It received its IRS tax-exemption ruling in April 2005, 21 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 September 2023, Academics in Motion Inc reported income of $465k and spending of $405k, spending 87% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $543k to $465k (-14%), an average of -3.8% a year. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Academics in Motion Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 74th percentile within NJ. Charities of a similar size with the same main cause include Lake Area United Way Inc ($465k), Simon Family Foundation ($466k) and Evelyn Lilly Lutz Foundation ($465k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $338k. At year end it held assets of $172k against liabilities of $56k, net assets of $116k.