Abilities of Northwest Jersey Inc

Analysis

Abilities of Northwest Jersey Inc is a registered charity in United States, based in Washington, NJ. It received its IRS tax-exemption ruling in October 1975, 51 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Abilities of Northwest Jersey Inc reported income of $8.8m and spending of $6.3m, leaving 28% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.4m to $8.8m (+37%), an average of +8.3% a year. The sharpest change came in the year to June 2022, when income rose by 30%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Abilities of Northwest Jersey Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within NJ. Charities of a similar size with the same main cause include Inclusive Action for the City ($8.7m), Workforce Resource Inc ($8.8m) and Goodwill Industries of Southwest Oklahoma & North Texas Inc ($8.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 47% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $192k (3.0% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $12.8m against liabilities of $1.8m, net assets of $11.0m. It reported 322 employees.