Hooper Avenue Elementary School

Analysis

Hooper Avenue Elementary School is a registered charity in United States, based in Toms River, NJ. It received its IRS tax-exemption ruling in December 1979, 47 years ago. 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, Hooper Avenue Elementary School reported income of $91k and spending of $58k, leaving 36% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $62k to $91k (+46%), an average of +46% a year. The sharpest change came in the year to June 2023, when income rose by 46%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hooper Avenue Elementary School sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 42nd percentile within NJ. Charities of a similar size with the same main cause include Racine Founders Club Rotary Foundation Inc ($91k), Cary-Grove Food Pantry ($91k) and Scripps Ranch High School Music Boosters ($91k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 2.8% of the total. At year end it held assets of $87k against liabilities of $0, net assets of $87k.