The College of New Jersey Foundation Inc

Analysis

The College of New Jersey Foundation Inc is a registered charity in United States, based in Ewing, NJ. It received its IRS tax-exemption ruling in January 1985, 41 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The College of New Jersey Foundation Inc reported income of $8.1m and spending of $12.1m, spending 149% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $13.0m to $8.1m (-37%), an average of -11% a year. The sharpest change came in the year to June 2022, when income rose by 84%. Over the whole period it spent 53% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The College of New Jersey Foundation Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NJ. Charities of a similar size with the same main cause include Legacy Traditional School - San Tan ($8.1m), West Side Montessori ($8.1m) and Holy Family Ministries ($8.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 101% of the total. At year end it held assets of $63.0m against liabilities of $5.4m, net assets of $57.6m.