Princeton Area Community Foundation Inc

Analysis

Princeton Area Community Foundation Inc is a registered charity in United States, based in Princeton, NJ. It received its IRS tax-exemption ruling in September 1991, 35 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Princeton Area Community Foundation Inc reported income of $25.3m and spending of $19.6m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $20.2m to $25.3m (+25%), an average of +5.8% a year. The sharpest change came in the year to December 2022, when income rose by 20%. Over the whole period it spent 90% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Princeton Area Community Foundation Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NJ. Charities of a similar size with the same main cause include United Way of Tarrant County ($25.3m), Dayton Foundation Depository ($25.3m) and Seton Education Partners ($25.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $577k (2.9% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $272.2m against liabilities of $83.9m, net assets of $188.3m. It reported 18 employees.