Arc of New Jersey Inc

Analysis

Arc of New Jersey Inc is a registered charity in United States, based in Manville, NJ. It received its IRS tax-exemption ruling in December 1951, 75 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Arc of New Jersey Inc reported income of $250k and spending of $224k, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $237k to $250k (+5.4%), an average of +1.3% a year. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arc of New Jersey Inc sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 65th percentile within NJ. Charities of a similar size with the same main cause include Brooklyn Waterfront Artists Coalition Inc ($250k), Little League Baseball Inc ($250k) and Chariot Riders Inc ($250k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. Other salaries and wages came to $32k. At year end it held assets of $451k against liabilities of $740k, net assets of -$288k.