New Jersey Media Arts Center Inc

Analysis

New Jersey Media Arts Center Inc is a registered charity in United States, based in Somerset, NJ. It received its IRS tax-exemption ruling in June 1994, 32 years ago. 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 December 2023, New Jersey Media Arts Center Inc reported income of $97k and spending of $94k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $68k to $97k (+44%), an average of +9.5% a year. The sharpest change came in the year to December 2023, when income rose by 48%. 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, New Jersey Media Arts Center Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 44th percentile within NJ. Charities of a similar size with the same main cause include Brighter Christmas Fund Inc ($97k), Christ the King Cathedral School Foundation Inc ($97k) and PTA California Congress of Parents Teachers & Students Inc ($97k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $40k (43% of expenses). At year end it held assets of $59k against liabilities of $0, net assets of $59k. It reported 1 employees.