Arc of New Jersey Inc

Analysis

Arc of New Jersey Inc is a registered charity in United States, based in Salem, NJ. It received its IRS tax-exemption ruling in December 1970, 56 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 December 2023, Arc of New Jersey Inc reported income of $4.0m and spending of $3.6m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.5m to $4.0m (+15%), an average of +3.7% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arc of New Jersey Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NJ. Charities of a similar size with the same main cause include Samuel Waxman Cancer Research Foundation ($4.0m), Nativity-Boston Inc ($4.0m) and Los Angeles Chapter National Tooling & Machine Assn Training CE ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $82k (2.3% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $4.1m against liabilities of $552k, net assets of $3.6m. It reported 114 employees.