Independent Colleges & Universities of New Jersey a NJ NP Corp

Analysis

Independent Colleges & Universities of New Jersey a NJ NP Corp is a registered charity in United States, based in Trenton, NJ. It received its IRS tax-exemption ruling in November 1955, 71 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 2023, Independent Colleges & Universities of New Jersey a NJ NP Corp reported income of $2.0m and spending of $1.8m, spending 91% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $1.3m to $2.0m (+47%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 447%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Independent Colleges & Universities of New Jersey a NJ NP Corp sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within NJ. Charities of a similar size with the same main cause include Catholic Climate Covenant ($2.0m), Compass Affordable Housing Inc ($2.0m) and Greater Severna Park Athletic Association Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $642k (35% of expenses). Other salaries and wages came to $193k. At year end it held assets of $2.7m against liabilities of $788k, net assets of $1.9m. It reported 7 employees.