Friends of the Elysian Charter School of Hoboken Inc

Analysis

Friends of the Elysian Charter School of Hoboken Inc is a registered charity in United States, based in Hoboken, NJ. It received its IRS tax-exemption ruling in February 1998, 28 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 governmental unit under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of the Elysian Charter School of Hoboken Inc reported income of $148k and spending of $88k, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $190k to $148k (-22%), an average of -6.0% a year. The sharpest change came in the year to December 2020, when income dropped by 22%. Over the whole period it spent 66% 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 the Elysian Charter School of Hoboken Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 55th percentile within NJ. Charities of a similar size with the same main cause include Romeo Lions Club Charities Inc ($148k), Living Water Foundation ($148k) and Oconnell Organization Family Foundation Inc ($148k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. At year end it held assets of $581k against liabilities of $0, net assets of $581k.