Nonprofitconnect Inc

Analysis

Nonprofitconnect Inc is a registered charity in United States, based in Hamilton SQ, NJ. It received its IRS tax-exemption ruling in October 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 June 2023, Nonprofitconnect Inc reported income of $238k and spending of $208k, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $79k to $238k (+200%), an average of +32% a year. The sharpest change came in the year to June 2020, when income rose by 120%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Nonprofitconnect 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 57th percentile, and in the 64th percentile within NJ. Charities of a similar size with the same main cause include Villages of Hope Inc ($238k), Advocates for Immigrant Survivors ($238k) and Pennsylvania Dental Foundation ($238k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $75k (36% of expenses). Other salaries and wages came to $31k. At year end it held assets of $257k against liabilities of $62k, net assets of $195k. It reported 3 employees.