New Jersey Historical Society

Analysis

New Jersey Historical Society is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in June 1926, 100 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, New Jersey Historical Society reported income of $321k and spending of $470k, spending 146% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $273k to $321k (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2020, when income rose by 472%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Jersey Historical Society sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 69th percentile within NJ. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($321k), Means & Evans Camp ($321k) and University Research Institute ($321k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 1.9% of the total. Other salaries and wages came to $156k. At year end it held assets of $5.3m against liabilities of $39k, net assets of $5.2m. It reported 4 employees.