Arc of New Jersey Inc

Analysis

Arc of New Jersey Inc is a registered charity in United States, based in Washington, NJ. It received its IRS tax-exemption ruling in November 1952, 74 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Arc of New Jersey Inc reported income of $14.3m and spending of $14.8m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.8m to $14.3m (+22%), an average of +5.0% a year. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arc of 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 96th percentile, and in the 97th percentile within NJ. Charities of a similar size with the same main cause include Illinois Equal Justice Foundation ($14.3m), Northern Valley Catholic Social Service Inc ($14.3m) and Lutheran Home at Trinity Oaks Inc ($14.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $170k (1.2% of expenses). Other salaries and wages came to $9.8m. At year end it held assets of $8.3m against liabilities of $2.2m, net assets of $6.1m. It reported 282 employees.