Garden State Arts Foundation Inc

Analysis

Garden State Arts Foundation Inc is a registered charity in United States, based in Woodbridge, NJ. It received its IRS tax-exemption ruling in August 1984, 42 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Garden State Arts Foundation Inc reported income of $666k and spending of $787k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $693k to $666k (-3.9%), an average of -1.0% a year. The sharpest change came in the year to December 2020, when income dropped by 25%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Garden State Arts Foundation Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within NJ. Charities of a similar size with the same main cause include Concord School of 1848 ($666k), Norwood Public Access Television Inc ($666k) and Marin Museum of Contemporary Art ($665k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $1.2m against liabilities of $1,350, net assets of $1.2m.