New Jersey Youth Development Foundation

Analysis

New Jersey Youth Development Foundation is a registered charity in United States, based in Kenilworth, NJ. It received its IRS tax-exemption ruling in February 2009, 17 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, New Jersey Youth Development Foundation reported income of $351k and spending of $423k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $364k to $351k (-3.5%), an average of -0.9% a year. The sharpest change came in the year to December 2022, when income dropped by 22%. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, New Jersey Youth Development Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 70th percentile within NJ. Charities of a similar size with the same main cause include Ba Boosters Inc ($351k), Harford Hockey Organization Inc ($351k) and Bethlehem Fair Society Inc ($351k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 50% of the total. Other salaries and wages came to $269k. At year end it held assets of $718k against liabilities of $0, net assets of $718k. It reported 42 employees.