Ophelia J Berry Fund Inc

Analysis

Ophelia J Berry Fund Inc is a registered charity in United States, based in Montclair, NJ. It received its IRS tax-exemption ruling in August 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. 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 July 2023, Ophelia J Berry Fund Inc reported income of $584k and spending of $1.8m, spending 301% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income grew from $333k to $584k (+75%), an average of +15% a year. The sharpest change came in the year to July 2020, when income rose by 1041%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ophelia J Berry Fund Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 77th percentile within NJ. Charities of a similar size with the same main cause include Wilder Memorial Nursery School ($584k), House of Shine Inc ($584k) and St John of San Francisco Orthodox Academy Inc ($584k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 89% and program service revenue 6.8% of the total. Compensation of current officers, directors and key employees was $317k (18% of expenses). Other salaries and wages came to $968k. At year end it held assets of $2.3m against liabilities of $42k, net assets of $2.2m. It reported 39 employees.