WTC Memorial Fund Inc

Analysis

WTC Memorial Fund Inc is a registered charity in United States, based in Cedar Grove, NJ. It received its IRS tax-exemption ruling in December 2009, 17 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, WTC Memorial Fund Inc reported income of $55k and spending of $46k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $36k to $55k (+52%), an average of +52% a year. The sharpest change came in the year to December 2023, when income rose by 52%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, WTC Memorial Fund Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 28th percentile within NJ. Charities of a similar size with the same main cause include French Creek Valley Railroad Historical Society ($55k), Verona Area Performing Arts Series Inc ($55k) and Holocaust Education Center in Thedesert Inc ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 29% of the total. At year end it held assets of $80k against liabilities of $0, net assets of $80k.