Nicholas J Sacco Foundation Inc

Analysis

Nicholas J Sacco Foundation Inc is a registered charity in United States, based in North Bergen, NJ. It received its IRS tax-exemption ruling in April 2010, 16 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 June 2023, Nicholas J Sacco Foundation Inc reported income of $115k and spending of $100k, spending 87% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $175k to $115k (-34%), an average of -34% a year. The sharpest change came in the year to June 2023, when income dropped by 34%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nicholas J Sacco Foundation Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 48th percentile within NJ. Charities of a similar size with the same main cause include Independence Cooperative Nursery ($115k), Cosmo and Lewis Estates Inc ($115k) and Ivy Educational and Charitable Foundation of Houston Inc ($115k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 149% of the total. At year end it held assets of $139k against liabilities of $0, net assets of $139k.