Jersey Cape Diagnostic Training and Opportunity Center Inc

Analysis

Jersey Cape Diagnostic Training and Opportunity Center Inc is a registered charity in United States, based in Cape May CH, NJ. It received its IRS tax-exemption ruling in April 1974, 52 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a suspense under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Jersey Cape Diagnostic Training and Opportunity Center Inc reported income of $3.2m and spending of $3.5m, spending 107% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.7m to $3.2m (+21%), an average of +6.7% a year. The sharpest change came in the year to June 2021, when income rose by 23%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Jersey Cape Diagnostic Training and Opportunity Center Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within NJ. Charities of a similar size with the same main cause include Connections to Success Inc ($3.2m), Farming Hope ($3.2m) and Cristo Rey Work Study Program ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $185k (5.3% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $5.8m against liabilities of $156k, net assets of $5.7m. It reported 110 employees.