Newark Day Center

Analysis

Newark Day Center is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in September 1969, 57 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, Newark Day Center reported income of $4.3m and spending of $4.2m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.1m to $4.3m (+5.3%), an average of +1.3% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Newark Day Center sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NJ. Charities of a similar size with the same main cause include Support the Enlisted Project Inc ($4.3m), Law Enforcement Legal Defense Fund ($4.3m) and Martha and Mary Lutheran Services ($4.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.5% and program service revenue 93% of the total. Other salaries and wages came to $2.4m. At year end it held assets of $2.1m against liabilities of $351k, net assets of $1.8m. It reported 71 employees.