Jersey Cares Inc

Analysis

Jersey Cares Inc is a registered charity in United States, based in Livingston, NJ. It received its IRS tax-exemption ruling in November 1994, 32 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 June 2023, Jersey Cares Inc reported income of $2.5m and spending of $2.7m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $2.5m (+3.8%), an average of +0.9% a year. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Jersey Cares Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NJ. Charities of a similar size with the same main cause include Cabarrus Victims Assistance Network ($2.5m), Michigan Recreation and Park Association ($2.5m) and Volunteers of America Inc ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $460k (17% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $1.3m against liabilities of $198k, net assets of $1.1m. It reported 21 employees.