New Jersey Seeds Inc

Analysis

New Jersey Seeds Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in November 1992, 34 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, New Jersey Seeds Inc reported income of $3.1m and spending of $4.4m, spending 141% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.6m to $3.1m (+17%), an average of +4.1% a year. The sharpest change came in the year to August 2021, when income rose by 44%. Over the whole period it spent 114% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Jersey Seeds Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within NJ. Charities of a similar size with the same main cause include Cornerstone Schools of Washington DC Inc ($3.1m), Northeast Community College Foundation ($3.1m) and Society of Economics Geologists Inc ($3.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $484k (11% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $8.8m against liabilities of $1.5m, net assets of $7.3m. It reported 77 employees.