Arc of New Jersey Inc

Analysis

Arc of New Jersey Inc is a registered charity in United States, based in West Deptford, 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 December 2023, Arc of New Jersey Inc reported income of $15.3m and spending of $16.4m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $13.6m to $15.3m (+12%), an average of +2.9% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 99% 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 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NJ. Charities of a similar size with the same main cause include J G B Rehabilitation Corp ($15.3m), Stevens Cooperative School ($15.3m) and Phi Theta Kappa ($15.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $147k (0.9% of expenses). Other salaries and wages came to $10.1m. At year end it held assets of $3.8m against liabilities of $2.8m, net assets of $982k. It reported 299 employees.