Professor Chen Wen Chen Memorial Foundation

Analysis

Professor Chen Wen Chen Memorial Foundation is a registered charity in United States, based in Kingston, NJ. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Professor Chen Wen Chen Memorial Foundation reported income of $200k and spending of $124k, leaving 38% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $190k to $200k (+5.3%), an average of +1.8% a year. The sharpest change came in the year to December 2023, when income rose by 88%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Professor Chen Wen Chen Memorial Foundation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 61st percentile within NJ. Charities of a similar size with the same main cause include Ardrey Kell High School Band Boosters ($200k), Health Occupations Students of America ($200k) and BFB Foundation Inc ($200k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $449k against liabilities of $0, net assets of $449k.