Teen Arts New Jersey a NJ Nonprofit Corporation

Analysis

Teen Arts New Jersey a NJ Nonprofit Corporation is a registered charity in United States, based in Matawan, NJ. It received its IRS tax-exemption ruling in October 1974, 52 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Teen Arts New Jersey a NJ Nonprofit Corporation reported income of $529k and spending of $526k, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $689k to $529k (-23%), an average of -6.4% a year. The sharpest change came in the year to June 2020, when income dropped by 16%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Teen Arts New Jersey a NJ Nonprofit Corporation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 76th percentile within NJ. Charities of a similar size with the same main cause include Church Studio Music Foundation ($529k), Texas and Southwestern Cattle Raisers Foundation ($529k) and Historic Germantown Preserved ($529k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $15k (2.9% of expenses). Other salaries and wages came to $184k. At year end it held assets of $829k against liabilities of $388k, net assets of $441k. It reported 26 employees.