Anthony M Fernicola Foundation

Analysis

Anthony M Fernicola Foundation is a registered charity in United States, based in Point Pleasant Beach, NJ. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Anthony M Fernicola Foundation reported income of $66k and spending of $223k, spending 336% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $752k to $66k (-91%), an average of -56% a year. The sharpest change came in the year to December 2023, when income rose by 841%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Anthony M Fernicola Foundation sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 33rd percentile within NJ. Charities of a similar size with the same main cause include Yachats Lions Charities Inc ($66k), Giving Foundation for Women & Children Inc ($66k) and Rain of North America ($66k).

At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.