New Jersey Water Environment Assoc

Analysis

New Jersey Water Environment Assoc is a registered charity in United States, based in West Paterson, NJ. It received its IRS tax-exemption ruling in April 1981, 45 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, New Jersey Water Environment Assoc reported income of $1.5m and spending of $1.3m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.5m (+29%), an average of +6.6% a year. The sharpest change came in the year to June 2022, when income rose by 258%. Over the whole period it spent 104% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, New Jersey Water Environment Assoc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 86th percentile within NJ. Charities of a similar size with the same main cause include Algae Foundation ($1.5m), Community Power ($1.5m) and Bartlett Arboretum Association Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $150k (11% of expenses). Other salaries and wages came to $68k. At year end it held assets of $2.8m against liabilities of $1,649, net assets of $2.8m. It reported 12 employees.