Sarah Ward Nursery Corporation

Analysis

Sarah Ward Nursery Corporation is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in July 1942, 84 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 June 2022, Sarah Ward Nursery Corporation reported income of $5.0m and spending of $3.6m, leaving 28% of income unspent that year. Across the 4 years on record, from June 2019 to June 2022, income grew from $3.8m to $5.0m (+32%), an average of +9.8% a year. The sharpest change came in the year to June 2022, when income rose by 44%. 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, Sarah Ward Nursery Corporation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NJ. Charities of a similar size with the same main cause include Inter Parish Ministry ($5.0m), Sisters of St Joseph ($5.0m) and Virginia Aquarium & Marine Science Center Foundation Inc ($5.0m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 60% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $190k (5.3% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $2.2m against liabilities of $252k, net assets of $1.9m. It reported 56 employees.