ADA R CARMON FOUNDATION ARC FOUNDATION
SOMERSET,
New Jersey,
08873
EIN: 85-3366053
Philanthropy, Voluntarism and Grantmaking Foundations
MISSION
To promote the late Ada R Carmon's charitable ideals especially for disadvantage African Americans and families, such as, Christian values, personal integrity, good education, strong work ethic; via supporting other nonprofits like Churches and HBCUs
DEMOGRAPHIC
ADDRESS
10 TALLMAN LANE
08873
COUNTY
somerset county, NJ
IN CARE OF NAME
WILBUR G CARMON SR
ORGANIZATIONAL OVERVIEW & RANKINGS
ADA R CARMON FOUNDATION ARC FOUNDATION is a based in SOMERSET, NJ, focused on Philanthropy, Voluntarism and Grantmaking Foundations causes , specifically Private Independent Foundations. Established in December 2020, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $177,986.00, this ranks 423,009 among 2,656,690 nonprofits nationally (Top 16%), demonstrating significant financial capacity relative to its peers. At the state level, it stands at 11,369 out of 72,131 organizations in NJ (Top 16%).
In somerset county, NJ, the organization ranks 529 out of 2,812 nonprofits by assets (Top 19%), while locally in somerset, it stands at 56 among 462 organizations (Top 12%).
The organization reported no revenue in the most recent filing period, placing it at 1,946,092 nationally and 49,322 in NJ.
Within its specific NTEE classification (T22 - T: Philanthropy, Voluntarism and Grantmaking Foundations), which includes 25,677 similar organizations, ADA R CARMON FOUNDATION ARC FOUNDATION ranks 15,352 in assets (Top 60%) and 9,050 in revenue (Top 36%).
The organization files a 990 - Not required to file(all other) and operates on a August fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
T: Philanthropy, Voluntarism and Grantmaking Foundations
NTEE CODE
T22: Private Independent Foundations
FOUNDATION CODE
N/A
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
TAX PERIOD
09/2023
ACCOUNTING PERIOD
09
INCOME CODE
4: $100,000 to $499,999
INCOME AMOUNT
$186,103.00
FORM 990 REVENUE AMOUNT
$0.00
RULING DATE
12/2020
ASSET CODE
4: $100,000 to $499,999
ASSET AMOUNT
$177,986.00
FILING REQUIREMENT CODE
990 - Not required to file(all other)
PF FILING REQUIREMENT CODE
990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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