Arc of New Jersey Inc

Analysis

Arc of New Jersey Inc is a registered charity in United States, based in Springfield, 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 2023, Arc of New Jersey Inc reported income of $31.6m and spending of $31.0m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $30.6m to $31.6m (+3.2%), an average of +0.8% a year. Over the whole period it spent 87% 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 98th 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 99th percentile within NJ. Charities of a similar size with the same main cause include Providence Medical Center ($31.6m), Nations Finest ($31.6m) and International Center for Living Aquatic Resources Management Inc I ($31.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $1.2m (3.8% of expenses). Other salaries and wages came to $17.6m. At year end it held assets of $46.3m against liabilities of $22.8m, net assets of $23.6m. It reported 667 employees.