Big Brothers Big Sisters of Coastal & Northern New Jersey Inc

Analysis

Big Brothers Big Sisters of Coastal & Northern New Jersey Inc is a registered charity in United States, based in Asbury Park, NJ. It received its IRS tax-exemption ruling in August 1981, 45 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 December 2023, Big Brothers Big Sisters of Coastal & Northern New Jersey Inc reported income of $3.2m and spending of $3.0m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $3.2m (+131%), an average of +23% a year. The sharpest change came in the year to December 2022, when income rose by 99%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Big Brothers Big Sisters of Coastal & Northern New Jersey 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 Texas Academy 4 ($3.2m), Minnesota Adoption Resource Network ($3.2m) and United Way of Dane County Foundation Inc ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 103% of the total. Other salaries and wages came to $1.9m. At year end it held assets of $5.4m against liabilities of $1.0m, net assets of $4.4m. It reported 25 employees.