Jersey City Connections Inc

Analysis

Jersey City Connections Inc is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in February 1995, 31 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, Jersey City Connections Inc reported income of $1.1m and spending of $1.2m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $662k to $1.1m (+73%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 54%. Over the whole period it spent 82% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Jersey City Connections Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within NJ. Charities of a similar size with the same main cause include Wings of an Angel ($1.1m), Community Memorial Healthcare Foundation ($1.1m) and Woman to Woman Pregnancy Resource Center Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $167k (14% of expenses). Other salaries and wages came to $523k. At year end it held assets of $1.4m against liabilities of $457k, net assets of $924k.