Arc of New Jersey Inc

Analysis

Arc of New Jersey Inc is a registered charity in United States, based in Monmouth JCT, NJ. It received its IRS tax-exemption ruling in December 1972, 54 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Arc of New Jersey Inc reported income of $14.9m and spending of $15.8m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $12.0m to $14.9m (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2020, when income rose by 19%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Arc of New Jersey Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NJ. Charities of a similar size with the same main cause include Changing Tides Family Services ($14.9m), Young Mens Christian Association of East Tennessee Inc ($14.9m) and Community Action Wayne Medina ($14.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.3% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $500k (3.2% of expenses). Other salaries and wages came to $9.5m. At year end it held assets of $13.8m against liabilities of $10.0m, net assets of $3.9m. It reported 336 employees.