Michael Gerard Puharic Memorial Fund Inc

Analysis

Michael Gerard Puharic Memorial Fund Inc is a registered charity in United States, based in Wall, NJ. It received its IRS tax-exemption ruling in January 2001, 25 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Michael Gerard Puharic Memorial Fund Inc reported income of $125k and spending of $186k, spending 149% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $270k to $125k (-54%), an average of -18% a year. The sharpest change came in the year to December 2022, when income dropped by 40%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Michael Gerard Puharic Memorial Fund Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 50th percentile within NJ. Charities of a similar size with the same main cause include Monarch Grief Center ($125k), Champion Autism Network ($125k) and Creek Bend Center for Counseling Inc ($125k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% of the total. Other salaries and wages came to $23k. At year end it held assets of $558k against liabilities of $30k, net assets of $528k. It reported 4 employees.