New Jersey Institute for Social Justice Inc

Analysis

New Jersey Institute for Social Justice Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in November 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, New Jersey Institute for Social Justice Inc reported income of $3.0m and spending of $4.1m, spending 134% of what it took in. Across the 6 years on record, from September 2019 to December 2023, income grew from $1.9m to $3.0m (+56%), an average of +9.3% a year. The sharpest change came in the year to September 2020, when income rose by 117%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Jersey Institute for Social Justice Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NJ. Charities of a similar size with the same main cause include Lighthouse Inc ($3.0m), PC Charitable Foundation ($3.0m) and Cambodian Association of America ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $337k (8.3% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $7.3m against liabilities of $633k, net assets of $6.7m. It reported 28 employees.