Officer Ronald Tarentino Jr Charitable Fund

Analysis

Officer Ronald Tarentino Jr Charitable Fund is a registered charity in United States, based in Leicester, MA. It received its IRS tax-exemption ruling in February 2019, 7 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 2023, Officer Ronald Tarentino Jr Charitable Fund reported income of $72k and spending of $81k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $43k to $72k (+68%), an average of +68% a year. The sharpest change came in the year to December 2023, when income rose by 68%. Over the whole period it spent 125% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Officer Ronald Tarentino Jr Charitable Fund sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 37th percentile within MA. Charities of a similar size with the same main cause include Martin County Senior Citizens Foundation ($72k), Bakersfield Firefighters Burn Foundation ($72k) and Humboldt County Ministerial Association and Partners Inc ($72k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 15% of the total. At year end it held assets of $50k against liabilities of $2,800, net assets of $47k.