Friends of the Hermitage

Analysis

Friends of the Hermitage is a registered charity in United States, based in Ho Ho Kus, NJ. It received its IRS tax-exemption ruling in July 1972, 54 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, Friends of the Hermitage reported income of $215k and spending of $217k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $181k to $215k (+19%), an average of +4.3% a year. The sharpest change came in the year to December 2021, when income rose by 105%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of the Hermitage sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 62nd percentile within NJ. Charities of a similar size with the same main cause include Senior Services Center Inc ($215k), Merit Hall Apartments Inc ($215k) and Lemont Hornets Youth Football Association Inc ($215k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 7.8% of the total. Other salaries and wages came to $61k. At year end it held assets of $554k against liabilities of $257, net assets of $553k. It reported 4 employees.