Philip Begonja Memorial Foundation Inc

Analysis

Philip Begonja Memorial Foundation Inc is a registered charity in United States, based in Florham Park, NJ. It received its IRS tax-exemption ruling in January 2013, 13 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, Philip Begonja Memorial Foundation Inc reported income of $59k and spending of $81k, spending 138% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $402k to $59k (-85%), an average of -47% a year. The sharpest change came in the year to December 2022, when income dropped by 92%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Philip Begonja Memorial Foundation Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 30th percentile within NJ. Charities of a similar size with the same main cause include Institute for Global Education Equality of Opportunity & Prospert ($59k), Beth and Horace Stubblefield Learning Center ($59k) and Auburn Ma PTO ($59k).

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 $108k against liabilities of $0, net assets of $108k.