Muslim Federation of New Jersey Inc

Analysis

Muslim Federation of New Jersey Inc is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in May 1988, 38 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Muslim Federation of New Jersey Inc reported income of $2.0m and spending of $2.2m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $639k to $2.0m (+217%), an average of +33% a year. The sharpest change came in the year to December 2021, when income rose by 439%. Over the whole period it spent 141% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Muslim Federation of New Jersey Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within NJ. Charities of a similar size with the same main cause include Endependence Center Inc ($2.0m), Vishwa Hindu Parishad of America ($2.0m) and National Recall Alert Center ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 106% of the total. Other salaries and wages came to $49k. At year end it held assets of $334k against liabilities of $0, net assets of $334k.

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.