Weston Community Foundation Inc

Analysis

Weston Community Foundation Inc is a registered charity in United States, based in West Orange, NJ. It received its IRS tax-exemption ruling in October 2022, 4 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Weston Community Foundation Inc reported income of $214k and spending of $166k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $86k to $214k (+149%), an average of +149% a year. The sharpest change came in the year to December 2023, when income rose by 149%. Over the whole period it spent 59% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Weston Community Foundation Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 62nd percentile within NJ. Charities of a similar size with the same main cause include Action Brown County Inc ($214k), Fabulous 50s Foundation ($214k) and Believe in Bristol Va Inc ($214k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $0 against liabilities of $0, net assets of $0.