New Jersey City University Foundation Inc

Analysis

New Jersey City University Foundation Inc is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in September 1983, 43 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, New Jersey City University Foundation Inc reported income of $7.0m and spending of $6.7m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.8m to $7.0m (+83%), an average of +16% a year. The sharpest change came in the year to June 2020, when income rose by 276%. Over the whole period it spent 58% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Jersey City University Foundation Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NJ. Charities of a similar size with the same main cause include Creative Childrens Academy ($7.0m), Innovative Education Services Inc ($7.0m) and Chicago Tech Academy ($7.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 75% of the total. At year end it held assets of $80.9m against liabilities of $50.1m, net assets of $30.8m.