Polymer Processing Institute at Njit

Analysis

Polymer Processing Institute at Njit is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in April 1984, 42 years ago. 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 June 2023, Polymer Processing Institute at Njit reported income of $5.0m and spending of $4.4m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $5.0m (+110%), an average of +20% a year. The sharpest change came in the year to June 2021, when income rose by 96%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Polymer Processing Institute at Njit 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 92nd percentile, and in the 93rd percentile within NJ. Charities of a similar size with the same main cause include Ecumenical Center for Religion and Health ($5.0m), General Baptist Nursing Home Inc ($5.0m) and Sheet Metal WRKRS Local Union No 17 Joint Apprntc & Training Trust FND ($5.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $412k (9.3% of expenses). Other salaries and wages came to $908k. At year end it held assets of $6.2m against liabilities of $505k, net assets of $5.7m. It reported 13 employees.