Amvets Service Foundation of New Jersey

Analysis

Amvets Service Foundation of New Jersey is a registered charity in United States, based in Somers Point, NJ. It received its IRS tax-exemption ruling in August 1981, 45 years ago. 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, Amvets Service Foundation of New Jersey reported income of $139k and spending of $122k, spending 88% of its income. Across the 3 years on record, from June 2020 to June 2024, income fell from $168k to $139k (-17%), an average of -9.0% a year. The sharpest change came in the year to June 2023, when income dropped by 29%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Amvets Service Foundation of New Jersey sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 53rd percentile within NJ. Charities of a similar size with the same main cause include Westl Michigan Premier FC ($139k), Apollo Educational Foundation ($139k) and Wax Factory Inc ($139k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 84% of the total. At year end it held assets of $496k against liabilities of $0, net assets of $496k.