New Jersey Center for Nonprofits Inc

Analysis

New Jersey Center for Nonprofits Inc is a registered charity in United States, based in Mercerville, NJ. It received its IRS tax-exemption ruling in March 1985, 41 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, New Jersey Center for Nonprofits Inc reported income of $757k and spending of $745k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $614k to $757k (+23%), an average of +5.4% a year. The sharpest change came in the year to December 2021, when income rose by 15%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, New Jersey Center for Nonprofits Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 79th percentile within NJ. Charities of a similar size with the same main cause include Bethany Home Society Foundation Inc ($756k), The Ellen P Hermanson Foundation ($757k) and Kaplan Educational Foundation ($755k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $119k (16% of expenses). Other salaries and wages came to $327k. At year end it held assets of $653k against liabilities of $263k, net assets of $390k. It reported 7 employees.