Acecnj Foundation Inc

Analysis

Acecnj Foundation Inc is a registered charity in United States, based in Trenton, NJ. It received its IRS tax-exemption ruling in November 2017, 9 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, Acecnj Foundation Inc reported income of $99k and spending of $102k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $103k to $99k (-3.9%), an average of -1.0% a year. The sharpest change came in the year to December 2021, when income rose by 52%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Acecnj Foundation Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 44th percentile within NJ. Charities of a similar size with the same main cause include Olive Branch Project Inc ($99k), Patrons of St Annes School Endowment Fund ($99k) and Ribbons of Hope-Invest in Women Inc ($99k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $19k against liabilities of $0, net assets of $19k.