Cape May County Chamber of Commerce Education Foundation Inc

Analysis

Cape May County Chamber of Commerce Education Foundation Inc is a registered charity in United States, based in Cape May CH, NJ. It received its IRS tax-exemption ruling in November 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cape May County Chamber of Commerce Education Foundation Inc reported income of $69k and spending of $61k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $48k to $69k (+42%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cape May County Chamber of Commerce Education Foundation 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 27th percentile, and in the 34th percentile within NJ. Charities of a similar size with the same main cause include College & Community Inc ($69k), Emergency Nurses Association ($69k) and Jacksonville Japanese School Inc ($69k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 29% of the total. At year end it held assets of $124k against liabilities of $146, net assets of $124k.