Arc of New Jersey Inc

Analysis

Arc of New Jersey Inc is a registered charity in United States, based in Manville, NJ. It received its IRS tax-exemption ruling in December 1951, 75 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 June 2023, Arc of New Jersey Inc reported income of $21.0m and spending of $17.5m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $16.7m to $21.0m (+26%), an average of +5.9% a year. The sharpest change came in the year to June 2023, when income rose by 19%. Over the whole period it spent 94% 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 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NJ. Charities of a similar size with the same main cause include Guidance Center Inc ($21.0m), Connecticut Junior Republic Association Inc ($21.0m) and New Horizons in Autism Inc ($21.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $175k (1.0% of expenses). Other salaries and wages came to $10.4m. At year end it held assets of $11.6m against liabilities of $5.2m, net assets of $6.4m. It reported 337 employees.