Fund for Cape May Inc

Analysis

Fund for Cape May Inc is a registered charity in United States, based in Cape May, NJ. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, Fund for Cape May Inc reported income of $460k and spending of $80k, leaving 83% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $115k to $460k (+300%), an average of +41% a year. The sharpest change came in the year to December 2023, when income rose by 1423%. Over the whole period it spent 82% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Fund for Cape May Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 74th percentile within NJ. Charities of a similar size with the same main cause include Caldwell County Fair Association ($460k), Wood River Bicycle Coalition ($460k) and Lake Agriculture & Youth Fair Association Inc ($460k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% of the total. It paid $1,045 in professional fundraising fees. At year end it held assets of $259k against liabilities of $0, net assets of $259k.