New Jersey Policy Perspective Inc

Analysis

New Jersey Policy Perspective Inc is a registered charity in United States, based in Trenton, NJ. It received its IRS tax-exemption ruling in June 1997, 29 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 December 2023, New Jersey Policy Perspective Inc reported income of $2.5m and spending of $1.5m, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.5m (+79%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 79%. Over the whole period it spent 73% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New Jersey Policy Perspective Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NJ. Charities of a similar size with the same main cause include Manchester Craftsmens Guild ($2.5m), National Vietnam War Museum Inc ($2.5m) and Friends of The@coastal Arts Pavilion at Freeman Park Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $137k (9.3% of expenses). Other salaries and wages came to $821k. At year end it held assets of $3.5m against liabilities of $112k, net assets of $3.3m. It reported 13 employees.