Meadowlands Transportation Brokerage Corp

Analysis

Meadowlands Transportation Brokerage Corp is a registered charity in United States, based in Wood Ridge, NJ. It received its IRS tax-exemption ruling in May 1985, 41 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, Meadowlands Transportation Brokerage Corp reported income of $6.8m and spending of $5.8m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $8.0m to $6.8m (-16%), an average of -4.1% a year. The sharpest change came in the year to June 2021, when income dropped by 16%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Meadowlands Transportation Brokerage Corp sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NJ. Charities of a similar size with the same main cause include Udt-Seal Museum Association Inc ($6.8m), USA Weightlifting Inc ($6.8m) and Loeb House Inc ($6.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 56% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $478k (8.2% of expenses). Other salaries and wages came to $913k. At year end it held assets of $11.5m against liabilities of $1.0m, net assets of $10.5m. It reported 71 employees.