Southern New Jersey Chamber Foundation

Analysis

Southern New Jersey Chamber Foundation is a registered charity in United States, based in Voorhees, NJ. It received its IRS tax-exemption ruling in March 1971, 55 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, Southern New Jersey Chamber Foundation reported income of $83k and spending of $103k, spending 124% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $68k to $83k (+21%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 122% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southern New Jersey Chamber Foundation sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 40th percentile within NJ. Charities of a similar size with the same main cause include Seventh Street Christian Church Foundation Incorporated ($83k), Scarlet Hope ($83k) and Wisconsin Destination Imagination Inc ($83k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $29k against liabilities of $23k, net assets of $5,977.