Spring Lake Toys Foundation Inc

Analysis

Spring Lake Toys Foundation Inc is a registered charity in United States, based in Franklin Lakes, NJ. It received its IRS tax-exemption ruling in June 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Spring Lake Toys Foundation Inc reported income of $905k and spending of $757k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $454k to $905k (+99%), an average of +99% a year. The sharpest change came in the year to December 2023, when income rose by 99%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Spring Lake Toys Foundation Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 81st percentile within NJ. Charities of a similar size with the same main cause include 1st Kids ($905k), Agape Cares Inc ($905k) and Christian Life Ministries ($905k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% of the total. Compensation of current officers, directors and key employees was $144k (19% of expenses). At year end it held assets of $300k against liabilities of $12k, net assets of $287k.