Greater Newark Conservancy Inc

Analysis

Greater Newark Conservancy Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in May 1986, 40 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Greater Newark Conservancy Inc reported income of $1.5m and spending of $2.0m, spending 139% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $3.2m to $1.5m (-54%), an average of -23% a year. The sharpest change came in the year to June 2021, when income dropped by 56%. Over the whole period it spent 88% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Greater Newark Conservancy Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within NJ. Charities of a similar size with the same main cause include Explore Ecology ($1.5m), Montana Audubon ($1.5m) and Cca Texas Fund ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 6.3% of the total. Compensation of current officers, directors and key employees was $150k (7.3% of expenses). Other salaries and wages came to $601k. It paid $138k in professional fundraising fees. At year end it held assets of $12.5m against liabilities of $187k, net assets of $12.3m. It reported 22 employees.