New Jersey Black Issues Convention Inc

Analysis

New Jersey Black Issues Convention Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in June 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 December 2023, New Jersey Black Issues Convention Inc reported income of $52k and spending of $78k, spending 152% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $111k to $52k (-54%), an average of -18% a year. The sharpest change came in the year to December 2022, when income dropped by 66%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Jersey Black Issues Convention Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 27th percentile within NJ. Charities of a similar size with the same main cause include North Smithfield Heritage Association ($52k), Grayfox Association ($52k) and Erhard M Bruhns Foundation Inc ($52k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 17% of the total. At year end it held assets of $86k against liabilities of $5,250, net assets of $81k.