Hudson County Community College Foundation Inc

Analysis

Hudson County Community College Foundation Inc is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in January 2001, 25 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, Hudson County Community College Foundation Inc reported income of $645k and spending of $295k, leaving 54% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $464k to $645k (+39%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 44%. Over the whole period it spent 76% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hudson County Community College Foundation Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within NJ. Charities of a similar size with the same main cause include Jaago Foundation Inc ($645k), Usta Florida Section Foundation Inc ($645k) and Washburn Housing Corporation ($644k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 3.4% of the total. At year end it held assets of $2.2m against liabilities of $37k, net assets of $2.2m.