North Ward Center Inc

Analysis

North Ward Center Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in January 1972, 54 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 December 2023, North Ward Center Inc reported income of $17.9m and spending of $17.6m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $16.5m to $17.9m (+8.3%), an average of +2.0% a year. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, North Ward Center Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NJ. Charities of a similar size with the same main cause include Community Action Agency ($17.9m), Allegheny Lutheran Social Ministries Inc ($17.9m) and Pathways to Housing DC ($17.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $287k (1.6% of expenses). Other salaries and wages came to $9.2m. At year end it held assets of $73.0m against liabilities of $2.1m, net assets of $70.9m. It reported 238 employees.