New Jersey Legislative Black Caucus Foundation Inc

Analysis

New Jersey Legislative Black Caucus Foundation Inc is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in July 2014, 12 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 2022, New Jersey Legislative Black Caucus Foundation Inc reported income of $256k and spending of $76k, leaving 70% of income unspent that year. Across the 3 years on record, from December 2020 to December 2022, income grew from $59k to $256k (+337%), an average of +109% a year. The sharpest change came in the year to December 2022, when income rose by 224%. Over the whole period it spent 30% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Jersey Legislative Black Caucus Foundation Inc 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 59th percentile, and in the 65th percentile within NJ. Charities of a similar size with the same main cause include West Shore Food Bank ($256k), Threads of Hope Inc ($256k) and Funraisers for St Jude Inc ($256k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. At year end it held assets of $256k against liabilities of $76k, net assets of $180k.