Friends of Laurelwood Arboretum Inc

Analysis

Friends of Laurelwood Arboretum Inc is a registered charity in United States, based in Wayne, NJ. It received its IRS tax-exemption ruling in August 2003, 23 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, Friends of Laurelwood Arboretum Inc reported income of $355k and spending of $337k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $486k to $355k (-27%), an average of -7.5% a year. The sharpest change came in the year to December 2020, when income dropped by 37%. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Friends of Laurelwood Arboretum Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 71st percentile within NJ. Charities of a similar size with the same main cause include North Carolina Elite Volleyball Club ($355k), Camp Attaway Inc ($355k) and York-Adams Community Tennis Association ($355k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 2.1% of the total. Other salaries and wages came to $169k. At year end it held assets of $319k against liabilities of -$94, net assets of $319k. It reported 11 employees.