The Friends of the Jacobus Vanderveer House Inc

Analysis

The Friends of the Jacobus Vanderveer House Inc is a registered charity in United States, based in Bedminster, NJ. It received its IRS tax-exemption ruling in July 1998, 28 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, The Friends of the Jacobus Vanderveer House Inc reported income of $102k and spending of $95k, spending 93% of its income. Across the 5 years on record, from December 2018 to December 2023, income fell from $330k to $102k (-69%), an average of -26% a year. The sharpest change came in the year to December 2020, when income dropped by 59%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Friends of the Jacobus Vanderveer House Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 45th percentile within NJ. Charities of a similar size with the same main cause include Kennesaw Museum Foundation Inc ($102k), Tipton Community Theatre ($102k) and Evergreen Music Festival ($102k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $1.5m against liabilities of $154, net assets of $1.5m.