Paterson Task Force for Community Action Inc

Analysis

Paterson Task Force for Community Action Inc is a registered charity in United States, based in Paterson, NJ. It received its IRS tax-exemption ruling in August 1965, 61 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 October 2023, Paterson Task Force for Community Action Inc reported income of $2.4m and spending of $2.2m, spending 91% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $1.4m to $2.4m (+72%), an average of +14% a year. The sharpest change came in the year to October 2020, when income rose by 27%. 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, Paterson Task Force for Community Action Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within NJ. Charities of a similar size with the same main cause include National Book Foundation Inc ($2.4m), University of Western Ontario Foundation Inc ($2.4m) and History Flight ($2.4m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 100% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $272k (13% of expenses). Other salaries and wages came to $834k. At year end it held assets of $1.4m against liabilities of $919k, net assets of $459k. It reported 46 employees.