Wood-Ridge Memorial Foundation

Analysis

Wood-Ridge Memorial Foundation is a registered charity in United States, based in Wood Ridge, NJ. It received its IRS tax-exemption ruling in November 1964, 62 years ago. 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, Wood-Ridge Memorial Foundation reported income of $95k and spending of $68k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $424k to $95k (-78%), an average of -31% a year. The sharpest change came in the year to December 2020, when income dropped by 79%. Over the whole period it spent 37% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wood-Ridge Memorial Foundation sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 43rd percentile within NJ. Charities of a similar size with the same main cause include National Sorority of Phi Delta Kappa Inc ($95k), Hampton Roads Biomedical Research Consortium ($95k) and Brimstone Historical Society ($95k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% of the total. At year end it held assets of $0 against liabilities of $0, net assets of $0.