Accnj Scholarship Foundation

Analysis

Accnj Scholarship Foundation is a registered charity in United States, based in Edison, NJ. It received its IRS tax-exemption ruling in June 2011, 15 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 December 2023, Accnj Scholarship Foundation reported income of $138k and spending of $121k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $119k to $138k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Accnj Scholarship Foundation sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 53rd percentile within NJ. Charities of a similar size with the same main cause include Legacies and Miracles Inc ($138k), Woodside High School Athletic Booster Organization ($138k) and Henry David Thoreau P T a ($138k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $95k against liabilities of $0, net assets of $95k.