United Way of Northern New Jersey Inc

Analysis

United Way of Northern New Jersey Inc is a registered charity in United States, based in Cedar Knolls, NJ. It received its IRS tax-exemption ruling in October 1950, 76 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, United Way of Northern New Jersey Inc reported income of $8.8m and spending of $9.7m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.3m to $8.8m (+21%), an average of +4.8% a year. The sharpest change came in the year to June 2021, when income rose by 114%. Over the whole period it spent 81% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, United Way of Northern New Jersey Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within NJ. Charities of a similar size with the same main cause include Wichita Falls Area Community Foundation ($8.8m), Hills Bank Donor Advised Gift Fund ($8.8m) and Round It Up America Inc ($8.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $222k (2.3% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $19.7m against liabilities of $6.0m, net assets of $13.8m. It reported 45 employees.