Womens Club of Glen Ridge

Analysis

Womens Club of Glen Ridge is a registered charity in United States, based in Glen Ridge, NJ. It received its IRS tax-exemption ruling in June 1952, 74 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Womens Club of Glen Ridge reported income of $238k and spending of $255k, spending 107% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income grew from $190k to $238k (+25%), an average of +5.7% a year. The sharpest change came in the year to July 2022, when income rose by 223%. Over the whole period it spent 71% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Womens Club of Glen Ridge sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 64th percentile within NJ. Charities of a similar size with the same main cause include Fondren Renaissance Foundation ($238k), Toolbank USA Inc ($238k) and Capital City Chamber of Commerce Inc ($238k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 49% and program service revenue 12% of the total. Other salaries and wages came to $56k. At year end it held assets of $1.8m against liabilities of $17k, net assets of $1.8m. It reported 2 employees.