NJ Car Charitable Foundation Inc

Analysis

NJ Car Charitable Foundation Inc is a registered charity in United States, based in Ewing, NJ. It received its IRS tax-exemption ruling in June 1995, 31 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, NJ Car Charitable Foundation Inc reported income of $153k and spending of $27k, leaving 82% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $86k to $153k (+79%), an average of +79% a year. The sharpest change came in the year to December 2023, when income rose by 79%. Over the whole period it spent 38% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, NJ Car Charitable Foundation Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 55th percentile within NJ. Charities of a similar size with the same main cause include Kirtland Officers Spouses Club ($153k), Watco Charities Inc ($154k) and Cingari Family Foundation ($153k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $187k against liabilities of $0, net assets of $187k.