Essex County College

Analysis

Essex County College is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2022, Essex County College reported income of $133.0m and spending of $100.6m, leaving 24% of income unspent that year. Across the 4 years on record, from June 2019 to June 2022, income grew from $93.5m to $133.0m (+42%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 24%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Essex County College sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within NJ. Charities of a similar size with the same main cause include Cooperative Educational Service Agency 6 ($132.7m), Campbellsville University Inc ($133.1m) and University of Mary Hardin-Baylor ($132.6m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 78% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $921k (0.9% of expenses). Other salaries and wages came to $33.7m. At year end it held assets of $211.4m against liabilities of $88.6m, net assets of $122.8m. It reported 1,078 employees.