New Jersey Bankruptcy Lawyers Foundation Inc

Analysis

New Jersey Bankruptcy Lawyers Foundation Inc is a registered charity in United States, based in Rochelle Park, NJ. It received its IRS tax-exemption ruling in May 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, New Jersey Bankruptcy Lawyers Foundation Inc reported income of $120k and spending of $126k, spending 105% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $63k to $120k (+89%), an average of +89% a year. The sharpest change came in the year to December 2023, when income rose by 89%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Jersey Bankruptcy Lawyers Foundation Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 49th percentile within NJ. Charities of a similar size with the same main cause include Pathway Resource Center ($120k), Tri City Hope Center ($120k) and One Step Forward Inc ($120k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 128% of the total. At year end it held assets of $76k against liabilities of $0, net assets of $76k.