Passaic River Coalition

Analysis

Passaic River Coalition is a registered charity in United States, based in Morristown, NJ. It received its IRS tax-exemption ruling in September 1972, 54 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 May 2023, Passaic River Coalition reported income of $198k and spending of $261k, spending 132% of what it took in. Across the 4 years on record, from May 2020 to May 2023, income grew from $116k to $198k (+70%), an average of +19% a year. The sharpest change came in the year to May 2022, when income rose by 46%. Over the whole period it spent 105% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Passaic River Coalition sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 61st percentile within NJ. Charities of a similar size with the same main cause include Murrells Inlet 2020 ($198k), Oswego Lake Watershed Council ($198k) and People & Plants Internaional Inc ($198k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 26% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $40k (15% of expenses). Other salaries and wages came to $32k. At year end it held assets of $16.6m against liabilities of $13k, net assets of $16.6m. It reported 3 employees.