Our Lady of Assumption Society

Analysis

Our Lady of Assumption Society is a registered charity in United States, based in Hammonton, NJ. It received its IRS tax-exemption ruling in May 2019, 7 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Our Lady of Assumption Society reported income of $86k and spending of $91k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $103k to $86k (-16%), an average of -4.4% a year. The sharpest change came in the year to December 2020, when income dropped by 100%. Over the whole period it spent 72% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Our Lady of Assumption Society sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 41st percentile within NJ. Charities of a similar size with the same main cause include Albert Missry Foundation ($86k), Philanthropic Directive Supporting Organization Inc ($86k) and Educating Tanzania Foundation ($86k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $209k against liabilities of $0, net assets of $209k.