Family Service Bureau of Newark N J

Analysis

Family Service Bureau of Newark N J is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in July 1942, 84 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, Family Service Bureau of Newark N J reported income of $1.3m and spending of $1.4m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $1.3m (-4.0%), an average of -1.0% a year. The sharpest change came in the year to December 2022, when income dropped by 26%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Family Service Bureau of Newark N J sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within NJ. Charities of a similar size with the same main cause include Pregnancy Resource Center Inc ($1.3m), Mt Hood Ski Education Foundation Inc ($1.3m) and New England School Development Council Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 69% of the total. Other salaries and wages came to $717k. At year end it held assets of $692k against liabilities of $2.9m, net assets of -$2.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.