Home Port Alliance for the Uss New Jersey Inc

Analysis

Home Port Alliance for the Uss New Jersey Inc is a registered charity in United States, based in Camden, NJ. It received its IRS tax-exemption ruling in August 1999, 27 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, Home Port Alliance for the Uss New Jersey Inc reported income of $6.2m and spending of $6.2m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.3m to $6.2m (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2021, when income rose by 124%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Home Port Alliance for the Uss New Jersey Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NJ. Charities of a similar size with the same main cause include Caramoor Center for Music & the Arts Inc ($6.2m), Austin Childrens Museum ($6.2m) and American Symphony Orchestra League ($6.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $249k (4.0% of expenses). At year end it held assets of $29.7m against liabilities of $7.8m, net assets of $21.9m. It reported 107 employees.