Lakewood Study Square Inc

Analysis

Lakewood Study Square Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in February 2023, 3 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Lakewood Study Square Inc reported income of $274k and spending of $699k, spending 255% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $112k to $274k (+145%), an average of +144% a year. The sharpest change came in the year to December 2023, when income rose by 145%. Over the whole period it spent 199% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lakewood Study Square Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 67th percentile within NJ. Charities of a similar size with the same main cause include Community Food Pantry ($274k), Smithfield Rescue Mission ($274k) and Partners for Medical Relief ($274k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $26k. At year end it held assets of $5.1m against liabilities of $5.5m, net assets of -$381k. It reported 1 employees.