Murray Grove Association

Analysis

Murray Grove Association is a registered charity in United States, based in Lanoka Harbor, NJ. It received its IRS tax-exemption ruling in June 1958, 68 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Murray Grove Association reported income of $230k and spending of $425k, spending 184% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $340k to $230k (-32%), an average of -9.3% a year. The sharpest change came in the year to December 2022, when income rose by 92%. Over the whole period it spent 130% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Murray Grove Association sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 63rd percentile within NJ. Charities of a similar size with the same main cause include Civic Club of Shippensburg ($230k), Smoky Mountain Lions Charities Inc ($230k) and Solid Waste Association of North America ($230k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.2% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $67k (16% of expenses). Other salaries and wages came to $125k. At year end it held assets of $1.3m against liabilities of $20k, net assets of $1.2m. It reported 10 employees.