Njea Frederick L Hipp Foundation for Excellence in Education

Analysis

Njea Frederick L Hipp Foundation for Excellence in Education is a registered charity in United States, based in Trenton, NJ. It received its IRS tax-exemption ruling in July 1994, 32 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Njea Frederick L Hipp Foundation for Excellence in Education reported income of $302k and spending of $135k, leaving 55% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income fell from $374k to $302k (-19%), an average of -5.2% a year. The sharpest change came in the year to August 2022, when income rose by 144%. Over the whole period it spent 24% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Njea Frederick L Hipp Foundation for Excellence in Education sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 68th percentile within NJ. Charities of a similar size with the same main cause include Crew 2030 ($302k), Institute for Senior Living ($302k) and Filipino Youth Leadership Program Organization ($302k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 23% and program service revenue 2.1% of the total. At year end it held assets of $4.4m against liabilities of $93k, net assets of $4.3m.