Washington Association of New Jersey

Analysis

Washington Association of New Jersey is a registered charity in United States, based in Morristown, NJ. It received its IRS tax-exemption ruling in September 1944, 82 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Washington Association of New Jersey reported income of $116k and spending of $198k, spending 170% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $238k to $116k (-51%), an average of -16% a year. The sharpest change came in the year to December 2021, when income rose by 164%. Over the whole period it spent 54% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Washington Association of New Jersey sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 49th percentile within NJ. Charities of a similar size with the same main cause include Kathmandu Valley Preservation Trust ($116k), Burnett County Historical Society Inc ($116k) and GKSB Enterprises Inc ($116k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 8.7% of the total. Other salaries and wages came to $35k. At year end it held assets of $2.2m against liabilities of $387k, net assets of $1.9m. It reported 1 employees.