Gwendolyn and Joseph Straus Charitable Fund Inc

Analysis

Gwendolyn and Joseph Straus Charitable Fund Inc is a registered charity in United States, based in Fort Lee, NJ. It received its IRS tax-exemption ruling in March 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 2021, Gwendolyn and Joseph Straus Charitable Fund Inc reported income of $61k and spending of $276k, spending 456% of what it took in. Across the 3 years on record, from December 2019 to December 2021, income fell from $82k to $61k (-26%), an average of -14% a year. The sharpest change came in the year to December 2020, when income dropped by 21%. Over the whole period it spent 264% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Gwendolyn and Joseph Straus Charitable Fund Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 31st percentile within NJ. Charities of a similar size with the same main cause include Glen Ellyn-Wheaton Community Chorale ($61k), Sheriff Frank Reynolds Charities Inc ($61k) and Amigos de Funfe ($61k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 100% of the total. At year end it held assets of $607k against liabilities of $261k, net assets of $346k.