Art Pride New Jersey Foundation Inc

Analysis

Art Pride New Jersey Foundation Inc is a registered charity in United States, based in Burlington, NJ. It received its IRS tax-exemption ruling in December 1996, 30 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Art Pride New Jersey Foundation Inc reported income of $1.4m and spending of $1.3m, spending 98% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.0m to $1.4m (+32%), an average of +9.7% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Art Pride New Jersey Foundation Inc sits at the 89th percentile: it is larger than about 88% 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 Lynn Meadows Discovery Center ($1.4m), Boyle Heights Arts Conservatory ($1.4m) and Main Line Art Center ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 5.9% of the total. Compensation of current officers, directors and key employees was $127k (9.5% of expenses). Other salaries and wages came to $431k. At year end it held assets of $706k against liabilities of $234k, net assets of $472k. It reported 8 employees.