New Jersey Agricultural Society

Analysis

New Jersey Agricultural Society is a registered charity in United States, based in Bordentown, NJ. It received its IRS tax-exemption ruling in June 1978, 48 years ago. 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 September 2023, New Jersey Agricultural Society reported income of $581k and spending of $615k, spending 106% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $409k to $581k (+42%), an average of +9.2% a year. The sharpest change came in the year to September 2020, when income rose by 45%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Jersey Agricultural Society sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 77th percentile within NJ. Charities of a similar size with the same main cause include Nokomis Witt Area Ambulance Service ($581k), Preschool Experience Inc ($581k) and Trucking Cares Foundation ($581k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 92% and program service revenue 6.4% of the total. Other salaries and wages came to $258k. At year end it held assets of $522k against liabilities of $106k, net assets of $416k. It reported 12 employees.