Thomas Edison State University Foundation Inc

Analysis

Thomas Edison State University Foundation Inc is a registered charity in United States, based in Trenton, NJ. It received its IRS tax-exemption ruling in October 1978, 48 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Thomas Edison State University Foundation Inc reported income of $794k and spending of $957k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to June 2023, income fell from $1.3m to $794k (-37%), an average of -11% a year. The sharpest change came in the year to June 2023, when income rose by 133%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Thomas Edison State University Foundation Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 80th percentile within NJ. Charities of a similar size with the same main cause include Sonoma Valley Mentoring Alliance Inc ($794k), Beta Upsilon Chi ($794k) and Friends of the Rafael Hernandez School Inc ($794k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% of the total. It paid $16k in professional fundraising fees. At year end it held assets of $12.4m against liabilities of $757k, net assets of $11.7m.