Tim Kerr Charities Inc is located in Avalon, NJ. The organization was established in 1994. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tim Kerr Charities Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Tim Kerr Charities Inc generated $184.0k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $189.1k during the year ending 12/2023. While expenses have increased by 9.1% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION HELD FUND RAISING EVENTS THE PROCEEDS OF WHICH WERE DONATED TO OTHER CHARITABLE ORGANIZATIONS.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy E Kerr President | 0 | $0 | |
Margaret Kerr Vice President | 0 | $0 | |
J Christopher Gallagher Secretary | 0 | $0 | |
Garret Kerr Treasurer | 0 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $184,047 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $184,047 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $930 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $57 |
| Other expenses | $95,774 |
| Total expenses | $189,096 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $116,323 |
| Other assets | $0 |
| Total assets | $116,323 |
| Total liabilities | $0 |
| Net assets or fund balances | $116,323 |