New Jersey Vietnam Veterans Memorial Foundation Inc

Analysis

New Jersey Vietnam Veterans Memorial Foundation Inc is a registered charity in United States, based in Holmdel, NJ. It received its IRS tax-exemption ruling in August 1989, 37 years ago. 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 June 2023, New Jersey Vietnam Veterans Memorial Foundation Inc reported income of $3.3m and spending of $1.1m, leaving 66% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $710k to $3.3m (+359%), an average of +46% a year. The sharpest change came in the year to June 2023, when income rose by 308%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Jersey Vietnam Veterans Memorial Foundation Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within NJ. Charities of a similar size with the same main cause include Anesthesia Patient Safety Foundation ($3.3m), Indiana Humanities Council Inc ($3.3m) and Mizell Center ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $151k (14% of expenses). Other salaries and wages came to $222k. At year end it held assets of $4.8m against liabilities of $91k, net assets of $4.7m. It reported 10 employees.