Bonnie Brae

Analysis

Bonnie Brae is a registered charity in United States, based in Liberty Corner, NJ. It received its IRS tax-exemption ruling in December 1953, 73 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Bonnie Brae reported income of $33.1m and spending of $28.6m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $25.7m to $33.1m (+29%), an average of +6.5% a year. The sharpest change came in the year to June 2021, when income rose by 30%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bonnie Brae sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within NJ. Charities of a similar size with the same main cause include Food Finders Inc ($33.0m), East Bay Integrated Care Inc ($33.1m) and Heinzerling Community ($33.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.9% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $995k (3.5% of expenses). Other salaries and wages came to $16.8m. It paid $12k in professional fundraising fees. At year end it held assets of $62.4m against liabilities of $3.6m, net assets of $58.8m. It reported 350 employees.