Abilities Center of Southern New Jersey

Analysis

Abilities Center of Southern New Jersey is a registered charity in United States, based in Westville, NJ. It received its IRS tax-exemption ruling in April 1967, 59 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Abilities Center of Southern New Jersey reported income of $3.3m and spending of $3.1m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.9m to $3.3m (-53%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 44%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Abilities Center of Southern New Jersey sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NJ. Charities of a similar size with the same main cause include Northwest Wisconsin Concentrated Employment Program Inc ($3.3m), Piping Industry Training Center Trust Fund ($3.3m) and Community Economic Development Association of Michigan ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $85k (2.7% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $7.5m against liabilities of $427k, net assets of $7.1m.