Essex County Parks Foundation a New Jersey Non-Profit Corporation

Analysis

Essex County Parks Foundation a New Jersey Non-Profit Corporation is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in April 1994, 32 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Essex County Parks Foundation a New Jersey Non-Profit Corporation reported income of $1.3m and spending of $995k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $1.3m (-5.5%), an average of -1.4% a year. The sharpest change came in the year to December 2023, when income rose by 430%. Over the whole period it spent 85% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Essex County Parks Foundation a New Jersey Non-Profit Corporation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within NJ. Charities of a similar size with the same main cause include Montclair United Soccer Club Inc ($1.3m), Public Lands Alliance ($1.3m) and Edmond Soccer Club Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.6% of the total. At year end it held assets of $812k against liabilities of $21k, net assets of $791k.