Arc of New Jersey Inc

Analysis

Arc of New Jersey Inc is a registered charity in United States, based in N Brunswick, NJ. It received its IRS tax-exemption ruling in December 1951, 75 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 2024, Arc of New Jersey Inc reported income of $4.1m and spending of $4.1m, spending 101% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $4.4m to $4.1m (-8.0%), an average of -2.1% a year. The sharpest change came in the year to June 2021, when income rose by 43%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arc of New 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 91st percentile, and in the 92nd percentile within NJ. Charities of a similar size with the same main cause include Glory House of Sioux Falls ($4.1m), Manhattan Christian School ($4.1m) and International Association for Food Protection Inc ($4.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 47% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $509k (12% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $8.2m against liabilities of $769k, net assets of $7.5m. It reported 158 employees.