United Way of Central Jersey Inc

Analysis

United Way of Central Jersey Inc is a registered charity in United States, based in Milltown, NJ. It received its IRS tax-exemption ruling in March 1958, 68 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 December 2023, United Way of Central Jersey Inc reported income of $3.5m and spending of $3.4m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.3m to $3.5m (+7.4%), an average of +1.8% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 94% 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 Central Jersey Inc 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 90th percentile, and in the 91st percentile within NJ. Charities of a similar size with the same main cause include Datakind ($3.5m), Florida Cancer Specialists Foundation Inc ($3.5m) and The Hawn Foundation ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 6.7% of the total. Compensation of current officers, directors and key employees was $302k (9.0% of expenses). Other salaries and wages came to $593k. At year end it held assets of $6.8m against liabilities of $474k, net assets of $6.3m. It reported 15 employees.