The Northern New Jersey Community Foundation

Analysis

The Northern New Jersey Community Foundation is a registered charity in United States, based in Hackensack, NJ. It received its IRS tax-exemption ruling in May 1999, 27 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 June 2023, The Northern New Jersey Community Foundation reported income of $722k and spending of $504k, leaving 30% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $346k to $722k (+109%), an average of +20% a year. The sharpest change came in the year to June 2020, when income rose by 87%. Over the whole period it spent 90% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Northern New Jersey Community Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within NJ. Charities of a similar size with the same main cause include Credit Union Miracle Day Committee Inc ($722k), William R Daniels Memorial Fund ($722k) and St Pauls Episcopal School Foundation Inc ($721k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $137k (27% of expenses). Other salaries and wages came to $95k. At year end it held assets of $467k against liabilities of $0, net assets of $467k.