The Arc Morris County Chapter NJ Inc

Analysis

The Arc Morris County Chapter NJ Inc is a registered charity in United States, based in Morris Plains, NJ. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2024, The Arc Morris County Chapter NJ Inc reported income of $26.4m and spending of $24.6m, spending 93% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $17.2m to $26.4m (+53%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 87% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, The Arc Morris County Chapter NJ Inc sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NJ. Charities of a similar size with the same main cause include Elevate Housing Foundation ($26.4m), CRF Affordable Housing Inc ($26.4m) and 4000 Valley Square Inc Dba Woodside Vill Wheatland Terr ($26.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.5% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $222k (0.9% of expenses). Other salaries and wages came to $16.8m. At year end it held assets of $30.8m against liabilities of $4.2m, net assets of $26.6m. It reported 397 employees.