The Miss America Foundation Inc

Analysis

The Miss America Foundation Inc is a registered charity in United States, based in Cape May CH, NJ. It received its IRS tax-exemption ruling in April 2012, 14 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, The Miss America Foundation Inc reported income of $50k and spending of $416k, spending 828% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $601k to $50k (-92%), an average of -46% a year. The sharpest change came in the year to December 2023, when income dropped by 78%. Over the whole period it spent 131% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Miss America Foundation Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 26th percentile within NJ. Charities of a similar size with the same main cause include Community Shares USA ($50k), Bryn Mawr-Wellesley Book Sale a New Jersey Nonprofit Corporation ($50k) and Johnsonburg Community TR Inc ($50k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $174k (42% of expenses). At year end it held assets of $1.7m against liabilities of $2.2m, net assets of -$559k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.