Robotics Fund Inc

Analysis

Robotics Fund Inc is a registered charity in United States, based in Somerville, NJ. It received its IRS tax-exemption ruling in February 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Robotics Fund Inc reported income of $78k and spending of $69k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $70k to $78k (+11%), an average of +2.6% a year. The sharpest change came in the year to December 2020, when income dropped by 55%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Robotics Fund 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 30th percentile, and in the 38th percentile within NJ. Charities of a similar size with the same main cause include Project to Advance Stenographic Reporting Inc ($78k), The Eahs Cheerleading Boosters Inc ($78k) and Acadia University US Foundation Nova Scotia ($78k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 63% of the total. At year end it held assets of $44k against liabilities of $0, net assets of $44k.