New Jersey Association on Correction

Analysis

New Jersey Association on Correction is a registered charity in United States, based in Trenton, NJ. It received its IRS tax-exemption ruling in April 1962, 64 years ago. 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, New Jersey Association on Correction reported income of $11.8m and spending of $12.4m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.1m to $11.8m (+45%), an average of +9.8% a year. The sharpest change came in the year to June 2021, when income rose by 28%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Jersey Association on Correction 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 Vegetus Foundation ($11.8m), Boy Scouts of America ($11.8m) and Valley Healthcare System Inc ($11.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $454k (3.7% of expenses). Other salaries and wages came to $6.0m. At year end it held assets of $9.2m against liabilities of $3.9m, net assets of $5.3m. It reported 262 employees.