Friends of T J Foundation Inc

Analysis

Friends of T J Foundation Inc is a registered charity in United States, based in Cold SPG HBR, NY. It received its IRS tax-exemption ruling in April 2014, 12 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Friends of T J Foundation Inc reported income of $161k and spending of $87k, leaving 46% of income unspent that year. Across the 3 years on record, from December 2019 to December 2021, income grew from $62k to $161k (+158%), an average of +61% a year. The sharpest change came in the year to December 2020, when income rose by 73%. Over the whole period it spent 69% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of T J Foundation Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within NY. Charities of a similar size with the same main cause include Whiteland Band Boosters Inc ($161k), Global Foundation ($161k) and Oakland-Alameda County-Emeryville Firefighters Charity Fund ($161k).

At year end it held assets of $1.1m against liabilities of $255k, net assets of $850k.