Junior League of Montclair-Newark Inc

Analysis

Junior League of Montclair-Newark Inc is a registered charity in United States, based in Montclair, NJ. It received its IRS tax-exemption ruling in June 1936, 90 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 May 2023, Junior League of Montclair-Newark Inc reported income of $91k and spending of $70k, leaving 23% of income unspent that year. Across the 5 years on record, from May 2019 to May 2023, income fell from $152k to $91k (-40%), an average of -12% a year. The sharpest change came in the year to May 2022, when income dropped by 29%. Over the whole period it spent 113% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Junior League of Montclair-Newark Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 42nd percentile within NJ. Charities of a similar size with the same main cause include Global Impact Inc II NFP ($91k), Urban Enterprise Association of Richmond Inc ($91k) and Transformation Camp Inc ($91k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 47% of the total. Other salaries and wages came to $10k. At year end it held assets of $1.2m against liabilities of $29k, net assets of $1.2m. It reported 1 employees.