Toms River Student Loan Fund

Analysis

Toms River Student Loan Fund is a registered charity in United States, based in Toms River, NJ. It received its IRS tax-exemption ruling in May 1938, 88 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 2022, Toms River Student Loan Fund reported income of $78k and spending of $5,839, leaving 92% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $14k to $78k (+438%), an average of +75% a year. The sharpest change came in the year to December 2020, when income rose by 320%. Over the whole period it spent 8.7% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Toms River Student Loan Fund sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 38th percentile within NJ. Charities of a similar size with the same main cause include Whitetails Unlimited Inc ($77k), Garden City Volunteer Firefighters Inc ($78k) and Grant County Historical Society Grant Co Wisconsin ($77k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m.