Jewish Community Foundation of Greater Metrowest NJ

Analysis

Jewish Community Foundation of Greater Metrowest NJ is a registered charity in United States, based in Whippany, NJ. It received its IRS tax-exemption ruling in July 1955, 71 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2023, Jewish Community Foundation of Greater Metrowest NJ reported income of $68.5m and spending of $62.1m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $46.7m to $68.5m (+47%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 517%. Over the whole period it spent 41% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Jewish Community Foundation of Greater Metrowest NJ sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NJ. Charities of a similar size with the same main cause include The Albertsons Companies Foundation ($68.1m), United Way of Metropolitan Dallas Inc ($68.9m) and Central Indiana Community Foundation Inc ($67.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $338k (0.5% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $514.9m against liabilities of $159.2m, net assets of $355.7m.