African-American Fund of New Jersey Inc

Analysis

African-American Fund of New Jersey Inc is a registered charity in United States, based in East Orange, NJ. It received its IRS tax-exemption ruling in February 2023, 3 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, African-American Fund of New Jersey Inc reported income of $221k and spending of $164k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $100k to $221k (+122%), an average of +122% a year. The sharpest change came in the year to December 2023, when income rose by 122%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, African-American Fund of New Jersey Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 63rd percentile within NJ. Charities of a similar size with the same main cause include Family Place ($221k), Paws and Think Inc ($222k) and Saving Grace Outreach ($221k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $658k against liabilities of $0, net assets of $658k.