Monmouth Park Charity Fund Inc

Analysis

Monmouth Park Charity Fund Inc is a registered charity in United States, based in Oceanport, NJ. It received its IRS tax-exemption ruling in December 1956, 70 years ago. 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 December 2023, Monmouth Park Charity Fund Inc reported income of $331k and spending of $354k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $373k to $331k (-11%), an average of -2.9% a year. The sharpest change came in the year to December 2022, when income rose by 180%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Monmouth Park Charity Fund Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 70th percentile within NJ. Charities of a similar size with the same main cause include Physicians Association for Anthroposophial Medicine Inc ($331k), Eventide Living Center ($331k) and South Carolina Association for Educational Technology ($331k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% of the total. Compensation of current officers, directors and key employees was $70k (20% of expenses). At year end it held assets of $412k against liabilities of $0, net assets of $412k.