Foundation of Little Silver Inc

Analysis

Foundation of Little Silver Inc is a registered charity in United States, based in Little Silver, NJ. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 September 2023, Foundation of Little Silver Inc reported income of $175k and spending of $102k, leaving 42% of income unspent that year. Across the 3 years on record, from September 2021 to September 2023, income grew from $170k to $175k (+2.6%), an average of +1.3% a year. The sharpest change came in the year to September 2023, when income rose by 29%. Over the whole period it spent 75% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Foundation of Little Silver Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 58th percentile within NJ. Charities of a similar size with the same main cause include Lakes Area Restorative Justice Project ($175k), Friends of the Fred Meijer River Valley Rail-Trails ($175k) and Area Non-Profit Inc ($175k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.7% of the total. At year end it held assets of $204k against liabilities of $0, net assets of $204k.