Council of New Jersey Grantmakers Inc

Analysis

Council of New Jersey Grantmakers Inc is a registered charity in United States, based in Ewing, NJ. It received its IRS tax-exemption ruling in April 1997, 29 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, Council of New Jersey Grantmakers Inc reported income of $1.1m and spending of $900k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $889k to $1.1m (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2020, when income rose by 26%. Over the whole period it spent 83% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Council of New Jersey Grantmakers Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within NJ. Charities of a similar size with the same main cause include Univest Foundation ($1.1m), Broadrick Family Foundation of Florida Inc ($1.1m) and United Way of the Northwest Alabama Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $190k (21% of expenses). Other salaries and wages came to $300k. At year end it held assets of $1.7m against liabilities of $181k, net assets of $1.6m. It reported 5 employees.