Touch of Color a NJ Nonprofit Corporation

Analysis

Touch of Color a NJ Nonprofit Corporation is a registered charity in United States, based in Springfield, NJ. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Touch of Color a NJ Nonprofit Corporation reported income of $209k and spending of $151k, leaving 28% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income fell from $329k to $209k (-36%), an average of -20% a year. The sharpest change came in the year to June 2022, when income dropped by 38%. Over the whole period it spent 61% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Touch of Color a NJ Nonprofit Corporation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 62nd percentile within NJ. Charities of a similar size with the same main cause include New Leipzig Ambulance Service ($209k), Southeastern Bankruptcy Law Institute Inc ($209k) and Korean-American Seniors Association of Oc ($209k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $291k against liabilities of $0, net assets of $291k.