Jewish Community Center on the Palisades

Analysis

Jewish Community Center on the Palisades is a registered charity in United States, based in Tenafly, NJ. It received its IRS tax-exemption ruling in April 1952, 74 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, Jewish Community Center on the Palisades reported income of $19.0m and spending of $21.8m, spending 115% of what it took in. Across the 5 years on record, from August 2019 to June 2023, income fell from $19.8m to $19.0m (-4.4%), an average of -1.1% a year. The sharpest change came in the year to June 2021, when income rose by 61%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Jewish Community Center on the Palisades 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 97th percentile, and in the 98th percentile within NJ. Charities of a similar size with the same main cause include John Sherman & Alvina Reckman Myers Foundation for Legal Education ($18.9m), Allwell Behavioral Health Services ($19.0m) and Center for Community Alternatives ($18.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $890k (4.1% of expenses). Other salaries and wages came to $10.3m. At year end it held assets of $26.4m against liabilities of $15.9m, net assets of $10.5m. It reported 716 employees.