Big Brothers Big Sisters of Essex Hudson and Union Counties NJ Inc

Analysis

Big Brothers Big Sisters of Essex Hudson and Union Counties NJ Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in January 2000, 26 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Big Brothers Big Sisters of Essex Hudson and Union Counties NJ Inc reported income of $2.7m and spending of $3.3m, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $2.7m (+60%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 53%. Over the whole period it spent 90% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Big Brothers Big Sisters of Essex Hudson and Union Counties NJ Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within NJ. Charities of a similar size with the same main cause include Girls Incorporated of Greater Atlanta ($2.7m), Boys & Girls Club of Jefferson City ($2.7m) and W C Field Hockey Club Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $601k (18% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $3.4m against liabilities of $1.4m, net assets of $2.1m. It reported 29 employees.