Financial Education & Research Foundation Inc

Analysis

Financial Education & Research Foundation Inc is a registered charity in United States, based in Morristown, NJ. It received its IRS tax-exemption ruling in August 1946, 80 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 June 2024, Financial Education & Research Foundation Inc reported income of $3.5m and spending of $3.8m, spending 109% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $3.4m to $3.5m (+3.8%), an average of +0.7% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Financial Education & Research Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NJ. Charities of a similar size with the same main cause include Make a Wish Foundation of Oklahoma Inc ($3.5m), Meals on Wheels of Solano County ($3.5m) and Friends of Penfield Childrens Center Inc ($3.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 12% and program service revenue 84% of the total. At year end it held assets of $4.6m against liabilities of $821k, net assets of $3.8m.