Njcpa Scholarship Fund

Analysis

Njcpa Scholarship Fund is a registered charity in United States, based in Roseland, NJ. It received its IRS tax-exemption ruling in May 1980, 46 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 May 2023, Njcpa Scholarship Fund reported income of $619k and spending of $407k, leaving 34% of income unspent that year. Across the 5 years on record, from May 2019 to May 2023, income grew from $452k to $619k (+37%), an average of +8.2% a year. The sharpest change came in the year to May 2023, when income rose by 89%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Njcpa Scholarship Fund sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within NJ. Charities of a similar size with the same main cause include Mid-Penninsula Hermanas Inc ($619k), Hispanic Technology & Community Center of Greater Flint ($619k) and Greater Raleigh Chamber of Commerce Community Development Foundation ($619k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 37% of the total. Compensation of current officers, directors and key employees was $11k (2.6% of expenses). Other salaries and wages came to $39k. At year end it held assets of $2.5m against liabilities of $226k, net assets of $2.3m.