Newark Yoga Movement Inc

Analysis

Newark Yoga Movement Inc is a registered charity in United States, based in Millburn, NJ. It received its IRS tax-exemption ruling in October 2009, 17 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 2024, Newark Yoga Movement Inc reported income of $57k and spending of $68k, spending 121% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $69k to $57k (-18%), an average of -18% a year. The sharpest change came in the year to June 2024, when income dropped by 18%. Over the whole period it spent 104% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Newark Yoga Movement Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 29th percentile within NJ. Charities of a similar size with the same main cause include Hawaiian Aau ($57k), Dixon Dolphins Swim Team ($57k) and Central Ohio Bicycle Racing Association Inc ($57k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 22% and program service revenue 78% of the total. At year end it held assets of $109k against liabilities of $0, net assets of $109k.