Edison Memorial Tower Corporation

Analysis

Edison Memorial Tower Corporation is a registered charity in United States, based in Edison, NJ. It received its IRS tax-exemption ruling in September 2004, 22 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 June 2024, Edison Memorial Tower Corporation reported income of $293k and spending of $253k, spending 86% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $177k to $293k (+66%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 80%. Over the whole period it spent 75% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Edison Memorial Tower Corporation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 68th percentile within NJ. Charities of a similar size with the same main cause include Punta Gorda Symphony Inc ($293k), Friends of the Olga Store Building ($293k) and Denver Ballet Guild ($293k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 89% of the total. Other salaries and wages came to $95k. At year end it held assets of $1.1m against liabilities of $2,179, net assets of $1.1m. It reported 5 employees.