Boonton Township Education Foundation Inc

Analysis

Boonton Township Education Foundation Inc is a registered charity in United States, based in Boonton TWP, NJ. It received its IRS tax-exemption ruling in February 1995, 31 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 June 2024, Boonton Township Education Foundation Inc reported income of $96k and spending of $74k, leaving 23% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $70k to $96k (+38%), an average of +38% a year. The sharpest change came in the year to June 2024, when income rose by 38%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Boonton Township Education Foundation Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 43rd percentile within NJ. Charities of a similar size with the same main cause include North Royalton High School Band Boosters ($96k), Edward Byrom Elementary P S 0 Foundation ($96k) and Colorado Heritage Education School System ($96k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 6.4% and program service revenue 35% of the total. At year end it held assets of $55k against liabilities of $0, net assets of $55k.