Pope John Xxiii Endowment Fund Inc

Analysis

Pope John Xxiii Endowment Fund Inc is a registered charity in United States, based in Sparta, NJ. It received its IRS tax-exemption ruling in October 1986, 40 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, Pope John Xxiii Endowment Fund Inc reported income of $106k and spending of $224k, spending 211% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $387k to $106k (-73%), an average of -28% a year. The sharpest change came in the year to December 2021, when income dropped by 487%. Over the whole period it spent -596% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pope John Xxiii Endowment Fund Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 46th percentile within NJ. Charities of a similar size with the same main cause include Pangregorian of Connectuicut Charitable Foundation Inc ($106k), Tri-State Home School Athletic Association ($106k) and Blue Streak Booster Club ($106k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% of the total. Other salaries and wages came to $49k. At year end it held assets of $5.4m against liabilities of $171k, net assets of $5.2m. It reported 1 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.