Algonquin Arts a New Jersey Non- Profit Corporation

Analysis

Algonquin Arts a New Jersey Non- Profit Corporation is a registered charity in United States, based in Manasquan, NJ. It received its IRS tax-exemption ruling in January 1993, 33 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2024, Algonquin Arts a New Jersey Non- Profit Corporation reported income of $2.1m and spending of $2.0m, spending 96% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.3m to $2.1m (+57%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 181%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Algonquin Arts a New Jersey Non- Profit Corporation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within NJ. Charities of a similar size with the same main cause include San Francisco Maritime National Park Association ($2.1m), Preservation Hall Foundation Inc ($2.1m) and Map Fund Inc ($2.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 12% and program service revenue 73% of the total. Other salaries and wages came to $506k. At year end it held assets of $2.5m against liabilities of $1.2m, net assets of $1.3m. It reported 9 employees.