New Milford Education Foundation

Analysis

New Milford Education Foundation is a registered charity in United States, based in New Milford, NJ. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, New Milford Education Foundation reported income of $128k and spending of $53k, leaving 59% of income unspent that year. Across the 2 years on record, from August 2022 to August 2023, income grew from $23k to $128k (+461%), an average of +461% a year. The sharpest change came in the year to August 2023, when income rose by 461%. Over the whole period it spent 61% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Milford Education Foundation sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 51st percentile within NJ. Charities of a similar size with the same main cause include Oak Middle School Friends of Music Booster Club ($128k), Delaware Mathematics Coalition Inc ($128k) and Country Classroom ($128k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 105% of the total. At year end it held assets of $154k against liabilities of $0, net assets of $154k.