Customed Inc

Analysis

Customed Inc is a registered charity in United States, based in Collingswood, NJ. It received its IRS tax-exemption ruling in January 2012, 14 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, Customed Inc reported income of $2.0m and spending of $2.2m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.3m to $2.0m (-13%), an average of -3.3% a year. The sharpest change came in the year to December 2022, when income rose by 18%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Customed Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within NJ. Charities of a similar size with the same main cause include Elevate Charter Schools Inc ($2.0m), Central Montessori Academy Association Inc ($2.0m) and The International Council of Shop Ping Centers Foundation Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.9% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $292k (14% of expenses). Other salaries and wages came to $560k. At year end it held assets of $3.5m against liabilities of $1.6m, net assets of $1.9m. It reported 18 employees.