Arc of New Jersey Inc

Analysis

Arc of New Jersey Inc is a registered charity in United States, based in Tinton Falls, NJ. It received its IRS tax-exemption ruling in December 1951, 75 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 June 2023, Arc of New Jersey Inc reported income of $25.0m and spending of $22.4m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $17.6m to $25.0m (+42%), an average of +9.1% a year. The sharpest change came in the year to June 2023, when income rose by 19%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arc of New Jersey Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NJ. Charities of a similar size with the same main cause include Healthix Inc ($25.0m), Mfi Recovery Center ($25.0m) and Opportunity Finance Network ($25.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 2.0% of the total. Other salaries and wages came to $13.2m. At year end it held assets of $41.2m against liabilities of $10.9m, net assets of $30.3m. It reported 458 employees.