New Jersey Association of State College and Universities Inc

Analysis

New Jersey Association of State College and Universities Inc is a registered charity in United States, based in Trenton, NJ. It received its IRS tax-exemption ruling in August 1985, 41 years ago. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, New Jersey Association of State College and Universities Inc reported income of $366k and spending of $465k, spending 127% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $849k to $366k (-57%), an average of -24% a year. The sharpest change came in the year to June 2021, when income dropped by 55%. Over the whole period it spent 126% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Jersey Association of State College and Universities Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 71st percentile within NJ. Charities of a similar size with the same main cause include Veterans Club Inc ($366k), Greater Waldorf Jaycees Foundation Inc ($366k) and Morris Calvary ($366k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $904k against liabilities of $63k, net assets of $841k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.