101 Foundation Inc

Analysis

101 Foundation Inc is a registered charity in United States, based in Washington, NJ. It received its IRS tax-exemption ruling in September 1994, 32 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 December 2021, 101 Foundation Inc reported income of $775k and spending of $582k, leaving 25% of income unspent that year. Across the 3 years on record, from December 2019 to December 2021, income grew from $580k to $775k (+34%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 64%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, 101 Foundation Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within NJ. Charities of a similar size with the same main cause include Indy Honor Flight ($775k), Mental Health Association in Niagara County Inc ($775k) and I Am a Golfer Foundation ($775k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $71k. At year end it held assets of $1.7m against liabilities of $599k, net assets of $1.1m.