United Fund of Westfield NJ

Analysis

United Fund of Westfield NJ is a registered charity in United States, based in Westfield, NJ. It received its IRS tax-exemption ruling in February 1960, 66 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 2023, United Fund of Westfield NJ reported income of $547k and spending of $594k, spending 109% of what it took in. Across the 6 years on record, from April 2019 to June 2023, income fell from $575k to $547k (-4.7%), an average of -1.0% a year. The sharpest change came in the year to June 2021, when income rose by 735%. Over the whole period it spent 104% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, United Fund of Westfield NJ sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within NJ. Charities of a similar size with the same main cause include Sweet Repeat Charitable Foundation ($547k), Lakewood Foundation ($548k) and CRG Foundation Inc ($547k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $65k (11% of expenses). Other salaries and wages came to $37k. At year end it held assets of $1.1m against liabilities of $615k, net assets of $532k. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.