Passaic Optimist Friend of Youth Foundation Inc

Analysis

Passaic Optimist Friend of Youth Foundation Inc is a registered charity in United States, based in Passaic, NJ. It received its IRS tax-exemption ruling in May 2011, 15 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, Passaic Optimist Friend of Youth Foundation Inc reported income of $184k and spending of $76k, leaving 58% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $109k to $184k (+68%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 362%. Over the whole period it spent 60% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Passaic Optimist Friend of Youth 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 52nd percentile, and in the 59th percentile within NJ. Charities of a similar size with the same main cause include Arizona Roofing Industry Foundation ($184k), LT Michael P Murphy Usn Memorial Scholarship Foundation ($184k) and Chamberlain Hunt Academy ($184k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% of the total. At year end it held assets of $337k against liabilities of $0, net assets of $337k.