Tewksbury Education Foundation Inc

Analysis

Tewksbury Education Foundation Inc is a registered charity in United States, based in Oldwick, NJ. It received its IRS tax-exemption ruling in April 2024, 2 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Tewksbury Education Foundation Inc reported income of $79k and spending of $73k, spending 92% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $65k to $79k (+21%), an average of +3.9% a year. The sharpest change came in the year to December 2023, when income rose by 67%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tewksbury Education Foundation Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 38th percentile within NJ. Charities of a similar size with the same main cause include Rotary Club of Tigard Foundation Inc ($79k), Metro Denver College Counselor Committee Inc ($79k) and Aga Greater Richmond Chapter ($79k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 75% of the total. At year end it held assets of $753k against liabilities of $0, net assets of $753k.