Cresthaven Academy Foundation Inc

Analysis

Cresthaven Academy Foundation Inc is a registered charity in United States, based in Warren, NJ. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Cresthaven Academy Foundation Inc reported income of $669k and spending of $524k, leaving 22% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income fell from $1.5m to $669k (-55%), an average of -15% a year. The sharpest change came in the year to June 2022, when income rose by 85%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cresthaven Academy Foundation Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within NJ. Charities of a similar size with the same main cause include New England School of Metalwork ($669k), Boston Book Festival Inc ($669k) and California Charter Authorizing Professionals ($668k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 31% of the total. At year end it held assets of $5.3m against liabilities of $3.6m, net assets of $1.7m.