Edward Walsh Memorial Foundation Inc

Analysis

Edward Walsh Memorial Foundation Inc is a registered charity in United States, based in Morris Plains, NJ. It received its IRS tax-exemption ruling in July 2021, 5 years ago. 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, Edward Walsh Memorial Foundation Inc reported income of $55k and spending of $52k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $68k to $55k (-19%), an average of -19% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Edward Walsh Memorial Foundation 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 22nd percentile, and in the 28th percentile within NJ. Charities of a similar size with the same main cause include Durant Historical Society Inc ($55k), Oneida County Fair Committee Inc ($55k) and Arthur S Kling Center Inc ($55k).

At year end it held assets of $38k against liabilities of $0, net assets of $38k.