Legal Aid Society of Monmouth County 599 Lake Avenue

Analysis

Legal Aid Society of Monmouth County 599 Lake Avenue is a registered charity in United States, based in Asbury Park, NJ. It received its IRS tax-exemption ruling in October 1954, 72 years ago. The IRS classifies it as a suspense under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Legal Aid Society of Monmouth County 599 Lake Avenue reported income of $70k and spending of $43k, leaving 39% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $56k to $70k (+25%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Legal Aid Society of Monmouth County 599 Lake Avenue sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 35th percentile within NJ. Charities of a similar size with the same main cause include Windsor Volunteer Rescue Squad Inc ($70k), New Day Equines Therapy ($70k) and Osgood Area Life Squad Inc ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 53% of the total. At year end it held assets of $99k against liabilities of $1,961, net assets of $97k.