Njcpa Education Foundation Inc

Analysis

Njcpa Education Foundation Inc is a registered charity in United States, based in Roseland, NJ. It received its IRS tax-exemption ruling in July 1991, 35 years ago. Its declared purposes cover education, which this site groups under education and training. 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 May 2023, Njcpa Education Foundation Inc reported income of $2.2m and spending of $2.3m, spending 103% of its income. Across the 5 years on record, from May 2019 to May 2023, income fell from $2.9m to $2.2m (-23%), an average of -6.4% a year. The sharpest change came in the year to May 2021, when income dropped by 25%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Njcpa Education Foundation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within NJ. Charities of a similar size with the same main cause include New Century Academy ($2.2m), Fayetteville Free Library ($2.2m) and Insight at San Diego ($2.2m).

On its Form 990 for the period ending May 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $146k (6.4% of expenses). Other salaries and wages came to $709k. At year end it held assets of $2.5m against liabilities of $671k, net assets of $1.9m. It reported 30 employees.