New Jersey Memorial Home Welfare Fund

Analysis

New Jersey Memorial Home Welfare Fund is a registered charity in United States, based in Vineland, NJ. It received its IRS tax-exemption ruling in October 1996, 30 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 June 2024, New Jersey Memorial Home Welfare Fund reported income of $326k and spending of $267k, spending 82% of its income. Across the 4 years on record, from June 2021 to June 2024, income grew from $229k to $326k (+42%), an average of +12% a year. The sharpest change came in the year to June 2024, when income rose by 73%. Over the whole period it spent 89% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, New Jersey Memorial Home Welfare Fund sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 69th percentile within NJ. Charities of a similar size with the same main cause include Totowa Education Foundation Inc ($326k), 4-County Foundation Inc ($326k) and Roots of Empathy USA ($325k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% of the total. At year end it held assets of $399k against liabilities of $0, net assets of $399k.