Hoboken Public Education Foundation Corporation

Analysis

Hoboken Public Education Foundation Corporation is a registered charity in United States, based in Hoboken, NJ. It received its IRS tax-exemption ruling in September 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 2023, Hoboken Public Education Foundation Corporation reported income of $479k and spending of $488k, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $181k to $479k (+164%), an average of +28% a year. The sharpest change came in the year to June 2022, when income rose by 113%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hoboken Public Education Foundation Corporation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 74th percentile within NJ. Charities of a similar size with the same main cause include Canopy Atlanta ($479k), Isabella Grimes Educational Fund ($479k) and Backcountry Medical Guides ($479k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 127% of the total. At year end it held assets of $448k against liabilities of $0, net assets of $448k.