Paterson NJ Oic

Analysis

Paterson NJ Oic is a registered charity in United States, based in Paterson, NJ. It received its IRS tax-exemption ruling in January 1980, 46 years ago. 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 June 2023, Paterson NJ Oic reported income of $183k and spending of $275k, spending 150% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $814k to $183k (-78%), an average of -31% a year. The sharpest change came in the year to June 2022, when income dropped by 77%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Paterson NJ Oic 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 52nd percentile, and in the 59th percentile within NJ. Charities of a similar size with the same main cause include Lompoc Girls Softball Association ($183k), Little League Baseball Inc ($183k) and Willamette Writers ($183k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $92k. At year end it held assets of $154k against liabilities of $270k, net assets of -$116k. It reported 10 employees.