Eric Larosa Memorial Foundation Inc

Analysis

Eric Larosa Memorial Foundation Inc is a registered charity in United States, based in Augusta, NJ. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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, Eric Larosa Memorial Foundation Inc reported income of $76k and spending of $83k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $83k to $76k (-8.8%), an average of -8.8% a year. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Eric Larosa Memorial Foundation Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 37th percentile within NJ. Charities of a similar size with the same main cause include Redeemer Church of Christ Inc ($76k), Bux Mont Educational Radio Assoc ($76k) and Round Rock Ballet Folklorico Inc ($76k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $27k against liabilities of $0, net assets of $27k.