Leadership New Jersey Inc

Analysis

Leadership New Jersey Inc is a registered charity in United States, based in Princeton, NJ. It received its IRS tax-exemption ruling in June 1987, 39 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Leadership New Jersey Inc reported income of $535k and spending of $667k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $497k to $535k (+7.6%), an average of +1.9% a year. The sharpest change came in the year to December 2020, when income rose by 32%. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Leadership New Jersey Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 76th percentile within NJ. Charities of a similar size with the same main cause include Laurel Redevelopment Corporation ($535k), Brainerd Lakes Area Development Corporation ($535k) and Purchase Area Regional Industrial Park Authority Inc ($534k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $371k (56% of expenses). At year end it held assets of $1.3m against liabilities of $228k, net assets of $1.1m. It reported 2 employees.