Walter R Earle Memorial Foundation Inc

Analysis

Walter R Earle Memorial Foundation Inc is a registered charity in United States, based in Farmingdale, NJ. It received its IRS tax-exemption ruling in March 2011, 15 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 2023, Walter R Earle Memorial Foundation Inc reported income of $301k and spending of $150k, leaving 50% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $184k to $301k (+63%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 116%. Over the whole period it spent 78% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Walter R Earle Memorial Foundation Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 68th percentile within NJ. Charities of a similar size with the same main cause include Fleet Landing Endowment Fund Inc ($300k), Southeast Texas Emergency Relief Fund ($301k) and Toole County Community Foundation Inc ($300k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $344k against liabilities of $0, net assets of $344k.