Caring Partners of Morris & Sussex Inc

Analysis

Caring Partners of Morris & Sussex Inc is a registered charity in United States, based in Rockaway, NJ. It received its IRS tax-exemption ruling in December 2003, 23 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, Caring Partners of Morris & Sussex Inc reported income of $11.0m and spending of $9.0m, spending 82% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $8.6m to $11.0m (+27%), an average of +8.3% a year. The sharpest change came in the year to June 2023, when income rose by 24%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Caring Partners of Morris & Sussex Inc sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NJ. Charities of a similar size with the same main cause include Native American Veterans Assistance ($11.0m), Amigos de Guadalupe Center for Justice and Empowerment ($11.0m) and Project Community Connections Inc ($11.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $509k (5.6% of expenses). Other salaries and wages came to $4.7m. At year end it held assets of $9.6m against liabilities of $3.6m, net assets of $5.9m. It reported 105 employees.