New Jersey Council of County Colleges

Analysis

New Jersey Council of County Colleges is a registered charity in United States, based in Hamilton Township, NJ. It received its IRS tax-exemption ruling in May 1991, 35 years ago. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, New Jersey Council of County Colleges reported income of $12.1m and spending of $11.3m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.4m to $12.1m (+45%), an average of +9.7% a year. The sharpest change came in the year to June 2022, when income rose by 220%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Jersey Council of County Colleges sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NJ. Charities of a similar size with the same main cause include Hospice of Miami County Inc ($12.1m), Youth Soccer Club of Montgomery County Inc ($12.1m) and Community Action Partnership of Greater St Joseph ($12.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $736k (6.5% of expenses). Other salaries and wages came to $475k. At year end it held assets of $12.7m against liabilities of $8.6m, net assets of $4.1m. It reported 19 employees.