Northern New Jersey Chinese Association

Analysis

Northern New Jersey Chinese Association is a registered charity in United States, based in Pine Brook, NJ. It received its IRS tax-exemption ruling in September 1985, 41 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2024, Northern New Jersey Chinese Association reported income of $160k and spending of $163k, spending 102% of its income. Across the 5 years on record, from August 2020 to August 2024, income grew from $151k to $160k (+5.6%), an average of +1.4% a year. The sharpest change came in the year to August 2021, when income dropped by 46%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Northern New Jersey Chinese Association sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 56th percentile within NJ. Charities of a similar size with the same main cause include First Night Alexandria Inc ($160k), Country Dance Society Boston Centre Inc ($160k) and Rutland Area Art Association ($160k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 41% and program service revenue 57% of the total. Other salaries and wages came to $63k. At year end it held assets of $417k against liabilities of $44k, net assets of $374k.