Gift of Life Inc of New Jersey

Analysis

Gift of Life Inc of New Jersey is a registered charity in United States, based in Maplewood, NJ. It received its IRS tax-exemption ruling in June 1986, 40 years ago. 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 June 2023, Gift of Life Inc of New Jersey reported income of $85k and spending of $103k, spending 121% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income fell from $131k to $85k (-35%), an average of -14% a year. The sharpest change came in the year to June 2021, when income rose by 79%. Over the whole period it spent 121% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gift of Life Inc of New Jersey sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 40th percentile within NJ. Charities of a similar size with the same main cause include Lake Havasu City Community Concert Association Inc ($85k), Ateitis Foundation ($85k) and Parent Booster USA Inc ($85k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $262k against liabilities of $0, net assets of $262k.