Hoboken Relief Fund Inc

Analysis

Hoboken Relief Fund Inc is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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 2022, Hoboken Relief Fund Inc reported income of $58k and spending of $44k, leaving 23% of income unspent that year. Across the 3 years on record, from December 2020 to December 2022, income fell from $425k to $58k (-86%), an average of -63% a year. The sharpest change came in the year to December 2022, when income rose by 824%. Over the whole period it spent 92% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Hoboken Relief Fund Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 30th percentile within NJ. Charities of a similar size with the same main cause include Del Rio Community Association Inc ($58k), Rotary District 6200 Foundation ($58k) and Eastern Hanover Vol Fire Dept Inc Walter E Drew III Pres ($58k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. At year end it held assets of $40k against liabilities of $1,575, net assets of $38k.