The William Paterson University of New Jersey Foundation Inc

Analysis

The William Paterson University of New Jersey Foundation Inc is a registered charity in United States, based in Wayne, NJ. It received its IRS tax-exemption ruling in April 1993, 33 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, The William Paterson University of New Jersey Foundation Inc reported income of $3.9m and spending of $2.9m, leaving 26% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.6m to $3.9m (+8.9%), an average of +2.2% a year. The sharpest change came in the year to June 2021, when income rose by 90%. Over the whole period it spent 40% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The William Paterson University of New Jersey Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NJ. Charities of a similar size with the same main cause include Talmudical Institute of Upstate New York ($3.9m), Minnesota State Council on Economic Education ($3.9m) and International Tax & Investment Center ($3.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $45.7m against liabilities of $475k, net assets of $45.2m.