South Asian Engagement Foundation a NJ Nonprofit Corporation

Analysis

South Asian Engagement Foundation a NJ Nonprofit Corporation is a registered charity in United States, based in Metuchen, NJ. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, South Asian Engagement Foundation a NJ Nonprofit Corporation reported income of $144k and spending of $53k, leaving 64% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $25k to $144k (+479%), an average of +55% a year. The sharpest change came in the year to December 2021, when income rose by 534%. Over the whole period it spent 58% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, South Asian Engagement Foundation a NJ Nonprofit Corporation sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 54th percentile within NJ. Charities of a similar size with the same main cause include The Junior League of Northern Virginia Inc ($144k), National Association of Minority Contractors ($144k) and Junior League of Morristown N J Inc ($144k).

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 $228k against liabilities of $24k, net assets of $204k.