South Jersey Tourism Corporation a New Jersey Non-Profit Corporation

Analysis

South Jersey Tourism Corporation a New Jersey Non-Profit Corporation is a registered charity in United States, based in Haddon TWP, NJ. It received its IRS tax-exemption ruling in May 2004, 22 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, South Jersey Tourism Corporation a New Jersey Non-Profit Corporation reported income of $565k and spending of $473k, spending 84% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $216k to $565k (+162%), an average of +62% a year. The sharpest change came in the year to December 2022, when income rose by 90%. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, South Jersey Tourism Corporation a New Jersey Non-Profit Corporation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within NJ. Charities of a similar size with the same main cause include Caribbean Integration Community Development Inc ($565k), Community Knights Inc ($565k) and Cobb County Chamber of Commerce Foundation Inc ($565k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. At year end it held assets of $528k against liabilities of $235k, net assets of $293k.