Berkeley College Foundation Inc

Analysis

Berkeley College Foundation Inc is a registered charity in United States, based in Woodland Park, NJ. It received its IRS tax-exemption ruling in May 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 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 June 2024, Berkeley College Foundation Inc reported income of $122k and spending of $140k, spending 116% of what it took in. Across the 4 years on record, from June 2021 to June 2024, income fell from $203k to $122k (-40%), an average of -16% a year. The sharpest change came in the year to June 2022, when income dropped by 62%. Over the whole period it spent 72% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Berkeley College Foundation Inc sits at the 47th percentile: it is larger than about 47% 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 Lunch WTH Lynch Foundation ($122k), Utah Association of Financial Services Foundation ($122k) and Elwood Ministerial Association ($121k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $42k (30% of expenses). At year end it held assets of $355k against liabilities of $0, net assets of $355k.