Edison Sheltered Workshop Inc

Analysis

Edison Sheltered Workshop Inc is a registered charity in United States, based in Edison, NJ. It received its IRS tax-exemption ruling in June 1982, 44 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, Edison Sheltered Workshop Inc reported income of $1.8m and spending of $1.3m, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.8m to $1.8m (-1.4%), an average of -0.4% a year. The sharpest change came in the year to December 2021, when income rose by 70%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Edison Sheltered Workshop Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within NJ. Charities of a similar size with the same main cause include HDS Fund ($1.8m), St Lawrence Valley Renewal House for Victims of Family Violence Inc ($1.8m) and Hickory Day School Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 9.2% of the total. Compensation of current officers, directors and key employees was $152k (12% of expenses). Other salaries and wages came to $638k. At year end it held assets of $5.8m against liabilities of $541k, net assets of $5.2m. It reported 75 employees.