New Jersey Restaurant Educational Foundation Inc

Analysis

New Jersey Restaurant Educational Foundation Inc is a registered charity in United States, based in Trenton, NJ. It received its IRS tax-exemption ruling in May 1998, 28 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 December 2023, New Jersey Restaurant Educational Foundation Inc reported income of $89k and spending of $52k, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $178k to $89k (-50%), an average of -16% a year. The sharpest change came in the year to December 2023, when income rose by 77%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Jersey Restaurant Educational Foundation Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 41st percentile within NJ. Charities of a similar size with the same main cause include The 1866 Alumni Association Inc ($89k), Wicklund School Foundation ($89k) and Fred T Korematsu Elem School at Mace Ranch Parent Teacher Organiza ($89k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 0.4% of the total. Other salaries and wages came to $26k. At year end it held assets of $115k against liabilities of $138k, net assets of -$22k.