50 Ways Foundation Inc

Analysis

50 Ways Foundation Inc is a registered charity in United States, based in Morganville, NJ. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, 50 Ways Foundation Inc reported income of $102k and spending of $43k, leaving 57% of income unspent that year. Over the whole period it spent 43% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, 50 Ways Foundation Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 45th percentile within NJ. Charities of a similar size with the same main cause include Big Country Athletic Hall of Fame ($102k), Granby Community Access and Mediainc ($102k) and Cantus Youth Choirs ($102k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 9.2% of the total. At year end it held assets of $58k against liabilities of $0, net assets of $58k.