Tashbar of Lakewood Inc

Analysis

Tashbar of Lakewood Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in February 1993, 33 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Tashbar of Lakewood Inc reported income of $6.8m and spending of $7.2m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.6m to $6.8m (+22%), an average of +5.0% a year. The sharpest change came in the year to December 2020, when income rose by 160%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tashbar of Lakewood Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NJ. Charities of a similar size with the same main cause include Arc of Centre County Inc ($6.8m), The National Association of State Energy Officials ($6.8m) and United Cerebral Palsy of Huntsville and Tennessee Valley Inc ($6.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 81% of the total. Other salaries and wages came to $3.7m. At year end it held assets of $20.4m against liabilities of $5.7m, net assets of $14.7m. It reported 107 employees.