Mary Russoniello Charitable Foundation

Analysis

Mary Russoniello Charitable Foundation is a registered charity in United States, based in Pennington, NJ. It received its IRS tax-exemption ruling in January 2015, 11 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 private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Mary Russoniello Charitable Foundation reported income of $79k and spending of $43k, leaving 46% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income fell from $189k to $79k (-58%), an average of -25% a year. The sharpest change came in the year to December 2020, when income dropped by 103%. Over the whole period it spent 42% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mary Russoniello Charitable Foundation sits at the 37th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 38th percentile within NJ. Charities of a similar size with the same main cause include Smeco Charitable Foundation Inc ($79k), Breast Reconstruction Org Inc ($79k) and Institute for Project Assessment ($79k).

Compensation of current officers, directors and key employees was $17k (39% of expenses). At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.