Volunteer Center of Bergen County Inc

Analysis

Volunteer Center of Bergen County Inc is a registered charity in United States, based in Paramus, NJ. It received its IRS tax-exemption ruling in November 1969, 57 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 December 2023, Volunteer Center of Bergen County Inc reported income of $1.1m and spending of $891k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $1.1m (-16%), an average of -4.3% a year. The sharpest change came in the year to December 2022, when income dropped by 25%. Over the whole period it spent 84% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Volunteer Center of Bergen County Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within NJ. Charities of a similar size with the same main cause include Memorial Hospital of Sweetwater County Foundation ($1.1m), St Joseph County United Fund ($1.1m) and St Philips School and Community Center Foundation ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 9.7% of the total. Compensation of current officers, directors and key employees was $195k (22% of expenses). Other salaries and wages came to $296k. At year end it held assets of $1.2m against liabilities of $257k, net assets of $944k. It reported 11 employees.