NJ Edge Net Inc

Analysis

NJ Edge Net Inc is a registered charity in United States, based in Englishtown, NJ. It received its IRS tax-exemption ruling in March 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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, NJ Edge Net Inc reported income of $11.8m and spending of $12.7m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.2m to $11.8m (+15%), an average of +3.6% a year. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, NJ Edge Net 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 96th percentile, and in the 97th percentile within NJ. Charities of a similar size with the same main cause include Tenacre Country Day School Corporation ($11.8m), Higher Education Servicing Corp in ($11.8m) and Riverview Charter School Inc ($11.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.9% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $1.4m (11% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $10.6m against liabilities of $9.4m, net assets of $1.2m. It reported 49 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.