Vision Loss Alliance of New Jersey Inc

Analysis

Vision Loss Alliance of New Jersey Inc is a registered charity in United States, based in Morris Plains, NJ. It received its IRS tax-exemption ruling in March 1950, 76 years ago. 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, Vision Loss Alliance of New Jersey Inc reported income of $2.0m and spending of $1.1m, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $764k to $2.0m (+161%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 191%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vision Loss Alliance of New Jersey Inc 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 Laona Rescue Unit Inc ($2.0m), Cancer Support Community South Bay ($2.0m) and Florida State Bnai Brith Senior Citizens Housing Corporation Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 3.1% of the total. Compensation of current officers, directors and key employees was $126k (11% of expenses). Other salaries and wages came to $495k. At year end it held assets of $6.9m against liabilities of $190k, net assets of $6.7m. It reported 23 employees.