Mayor Daniel J Reimans Childrens Charity Trust Fund

Analysis

Mayor Daniel J Reimans Childrens Charity Trust Fund is a registered charity in United States, based in Carteret, NJ. It received its IRS tax-exemption ruling in March 2003, 23 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 December 2023, Mayor Daniel J Reimans Childrens Charity Trust Fund reported income of $82k and spending of $29k, leaving 65% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $159k to $82k (-48%), an average of -28% a year. The sharpest change came in the year to December 2023, when income rose by 958%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mayor Daniel J Reimans Childrens Charity Trust Fund sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 39th percentile within NJ. Charities of a similar size with the same main cause include Westland Band Boosters Inc ($82k), Friends of Tysons Pimmit Library ($82k) and Spring Valley Education Foundation ($82k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 131% of the total. At year end it held assets of $104k against liabilities of $0, net assets of $104k.