Friends of the Belmar Harbour Charitable Education Foundation

Analysis

Friends of the Belmar Harbour Charitable Education Foundation is a registered charity in United States, based in Belmar, NJ. It received its IRS tax-exemption ruling in September 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 (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, Friends of the Belmar Harbour Charitable Education Foundation reported income of $122k and spending of $117k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $134k to $122k (-8.8%), an average of -8.8% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of the Belmar Harbour Charitable Education Foundation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 50th percentile within NJ. Charities of a similar size with the same main cause include Buck Barras Memorial Foundation ($122k), Petaluma High School Agriculture Department Boosters Inc ($122k) and Grosse Pointe Gridiron Club ($122k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 4.3% and program service revenue 64% of the total. At year end it held assets of $96k against liabilities of $0, net assets of $96k.