Friends of Hoboken Charter School Inc

Analysis

Friends of Hoboken Charter School Inc is a registered charity in United States, based in Hoboken, NJ. It received its IRS tax-exemption ruling in December 1997, 29 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friends of Hoboken Charter School Inc reported income of $245k and spending of $62k, leaving 75% of income unspent that year. The sharpest change came in the year to June 2022, when income dropped by 70%. Over the whole period it spent 23% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of Hoboken Charter School Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 64th percentile within NJ. Charities of a similar size with the same main cause include Light of Life Performing Arts ($245k), Saving Grace K9s ($245k) and Kingwood Band Boosters Club Inc ($245k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 4.7% of the total. At year end it held assets of $11.4m against liabilities of $8.7m, net assets of $2.6m.