Wallace Temple Community Activity Resource Enrichment Site

Analysis

Wallace Temple Community Activity Resource Enrichment Site is a registered charity in United States, based in Bayonne, NJ. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Wallace Temple Community Activity Resource Enrichment Site reported income of $71k and spending of $61k, spending 86% of its income. Across the 2 years on record, from December 2021 to December 2022, income fell from $99k to $71k (-28%), an average of -28% a year. The sharpest change came in the year to December 2022, when income dropped by 28%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wallace Temple Community Activity Resource Enrichment Site sits at the 25th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 35th percentile within NJ. Charities of a similar size with the same main cause include Geary County 4-H Foundation Inc ($71k), United Moravian Societies ($71k) and Triton Flight for Heroes Inc ($71k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $47k against liabilities of $0, net assets of $47k.