North Jersey Friendship House Inc

Analysis

North Jersey Friendship House Inc is a registered charity in United States, based in Oradell, NJ. It received its IRS tax-exemption ruling in July 1965, 61 years ago. 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 June 2023, North Jersey Friendship House Inc reported income of $10.2m and spending of $10.1m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.6m to $10.2m (+6.6%), an average of +1.6% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North Jersey Friendship House Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NJ. Charities of a similar size with the same main cause include The Caring Coalition of Central New York ($10.2m), Our House Inc ($10.2m) and Ascension Depaul Services Fund ($10.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $281k (2.8% of expenses). Other salaries and wages came to $5.2m. At year end it held assets of $11.7m against liabilities of $2.9m, net assets of $8.8m.