New Jersey Future Inc

Analysis

New Jersey Future Inc is a registered charity in United States, based in Trenton, NJ. It received its IRS tax-exemption ruling in November 1988, 38 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, New Jersey Future Inc reported income of $3.1m and spending of $2.8m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $3.1m (+14%), an average of +3.4% a year. The sharpest change came in the year to December 2022, when income rose by 56%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Jersey Future Inc sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NJ. Charities of a similar size with the same main cause include Assumption Association for Retarded Citizens ($3.1m), Northwest Yeshiva High School ($3.1m) and Bridge Behavioral Health Inc ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $142k (5.1% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $4.1m against liabilities of $93k, net assets of $4.0m. It reported 34 employees.