Mayor Cohens Charity Fund

Analysis

Mayor Cohens Charity Fund is a registered charity in United States, based in E Brunswick, NJ. It received its IRS tax-exemption ruling in October 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 (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, Mayor Cohens Charity Fund reported income of $109k and spending of $16k, leaving 86% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $35k to $109k (+212%), an average of +212% a year. The sharpest change came in the year to December 2023, when income rose by 212%. Over the whole period it spent 18% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mayor Cohens Charity Fund sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 47th percentile within NJ. Charities of a similar size with the same main cause include Webster Community Chest Inc ($109k), Allan Dreibrodt Memorial Foundation ($109k) and Amigos Del Ecuador Foundation Inc ($109k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 0.2% of the total. At year end it held assets of $159k against liabilities of $0, net assets of $159k.