Charity League

Analysis

Charity League is a registered charity in United States, based in Somers Point, NJ. It received its IRS tax-exemption ruling in April 1952, 74 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 September 2023, Charity League reported income of $145k and spending of $138k, spending 95% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $155k to $145k (-6.5%), an average of -1.7% a year. The sharpest change came in the year to September 2021, when income dropped by 48%. Over the whole period it spent 110% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Charity League sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 54th percentile within NJ. Charities of a similar size with the same main cause include Matsu Valley Rebuild ($145k), Kansas Kiwanis Foundation Inc ($145k) and Treasure Valley Partnership Inc ($145k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 7.7% of the total. At year end it held assets of $60k against liabilities of $500, net assets of $60k.