Interweave Inc

Analysis

Interweave Inc is a registered charity in United States, based in Short Hills, NJ. It received its IRS tax-exemption ruling in April 1983, 43 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 December 2022, Interweave Inc reported income of $70k and spending of $74k, spending 105% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $111k to $70k (-37%), an average of -14% a year. The sharpest change came in the year to December 2021, when income rose by 81%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Interweave Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 35th percentile within NJ. Charities of a similar size with the same main cause include San Tan Boosters Parent Teacher Organization ($70k), Mustang Travel and Camp Foundation ($70k) and Rainbow Youth Center ($70k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 85% and program service revenue 15% of the total. Other salaries and wages came to $37k. At year end it held assets of $13k against liabilities of $12k, net assets of $968. It reported 1 employees.