Home and School Association of the Borough of Medford Lakes Inc

Analysis

Home and School Association of the Borough of Medford Lakes Inc is a registered charity in United States, based in Medford, NJ. It received its IRS tax-exemption ruling in July 2002, 24 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 August 2023, Home and School Association of the Borough of Medford Lakes Inc reported income of $215k and spending of $218k, spending 102% of its income. Across the 2 years on record, from August 2022 to August 2023, income grew from $209k to $215k (+2.9%), an average of +2.9% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Home and School Association of the Borough of Medford Lakes Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 62nd percentile within NJ. Charities of a similar size with the same main cause include Chester Springs Library ($215k), League of Young Inventors Inc ($215k) and Wah Yun Culture and Arts Academy ($215k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.5% and program service revenue 99% of the total. At year end it held assets of $50k against liabilities of $0, net assets of $50k.