Italian-American Police Society of New Jersey Inc

Analysis

Italian-American Police Society of New Jersey Inc is a registered charity in United States, based in Lyndhurst, NJ. It received its IRS tax-exemption ruling in August 2014, 12 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, Italian-American Police Society of New Jersey Inc reported income of $600k and spending of $593k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $417k to $600k (+44%), an average of +9.5% a year. The sharpest change came in the year to December 2021, when income rose by 88%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Italian-American Police Society of New Jersey Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within NJ. Charities of a similar size with the same main cause include East Haddam Youth and Family Services Inc ($600k), Hilliard Development Corporation ($601k) and Engage Cleveland Inc ($600k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.5% of the total. It paid $475k in professional fundraising fees. At year end it held assets of $97k against liabilities of $12k, net assets of $85k.