Edge New Jersey Inc

Analysis

Edge New Jersey Inc is a registered charity in United States, based in Parsippany, NJ. It received its IRS tax-exemption ruling in February 1993, 33 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 September 2023, Edge New Jersey Inc reported income of $4.4m and spending of $4.3m, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.1m to $4.4m (+112%), an average of +21% a year. The sharpest change came in the year to September 2022, when income rose by 26%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Edge New Jersey Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within NJ. Charities of a similar size with the same main cause include Beulah Heights University Incorporated ($4.4m), Alamance Christian School Inc ($4.4m) and Associated Health Assurance Ltd ($4.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $310k (7.2% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $1.7m against liabilities of $738k, net assets of $969k. It reported 32 employees.