Garden State Equality Education Fund Inc

Analysis

Garden State Equality Education Fund Inc is a registered charity in United States, based in Asbury Park, NJ. It received its IRS tax-exemption ruling in December 2005, 21 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 June 2023, Garden State Equality Education Fund Inc reported income of $1.5m and spending of $1.5m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $668k to $1.5m (+121%), an average of +22% a year. The sharpest change came in the year to June 2022, when income rose by 76%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Garden State Equality Education Fund Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within NJ. Charities of a similar size with the same main cause include Champions for Literacy ($1.5m), Los Angeles Senior Citizen Housing Corp ($1.5m) and Austin Explore Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 2.4% of the total. Compensation of current officers, directors and key employees was $161k (11% of expenses). Other salaries and wages came to $570k. At year end it held assets of $466k against liabilities of $249k, net assets of $217k. It reported 12 employees.