Immaculate Heart Academy Foundation

Analysis

Immaculate Heart Academy Foundation is a registered charity in United States, based in Fair Lawn, NJ. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Immaculate Heart Academy Foundation reported income of $154k and spending of $22k, leaving 86% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.3m to $154k (-88%), an average of -88% a year. The sharpest change came in the year to December 2023, when income dropped by 88%. Over the whole period it spent 2.5% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Immaculate Heart Academy Foundation sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 55th percentile within NJ. Charities of a similar size with the same main cause include Education First Cambodia ($154k), Rockenbaugh Elementary School Parent Teacher Organization ($154k) and Parent Booster USA Inc ($154k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% of the total. At year end it held assets of $1.5m against liabilities of $3,000, net assets of $1.5m.