Ronald McDonald House of Central & Northern New Jersey Inc

Analysis

Ronald McDonald House of Central & Northern New Jersey Inc is a registered charity in United States, based in New Brunswick, NJ. It received its IRS tax-exemption ruling in January 1987, 39 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 December 2023, Ronald McDonald House of Central & Northern New Jersey Inc reported income of $1.4m and spending of $1.0m, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $911k to $1.4m (+53%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 84%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ronald McDonald House of Central & Northern New Jersey Inc sits at the 81st percentile: it is larger than about 81% 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 Overfield Early Childhood Program Inc ($1.4m), The Literacy Project Inc ($1.4m) and Ellensburg Christian School ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $163k (16% of expenses). Other salaries and wages came to $466k. At year end it held assets of $9.4m against liabilities of $51k, net assets of $9.3m. It reported 21 employees.