New Jersey Swimming Inc

Analysis

New Jersey Swimming Inc is a registered charity in United States, based in Wayne, NJ. It received its IRS tax-exemption ruling in March 2006, 20 years ago. 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, New Jersey Swimming Inc reported income of $298k and spending of $207k, leaving 31% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $427k to $298k (-30%), an average of -11% a year. The sharpest change came in the year to December 2021, when income rose by 103%. Over the whole period it spent 118% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Jersey Swimming Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 68th percentile within NJ. Charities of a similar size with the same main cause include Washington Outreach Ministry ($298k), Illinois Catholic Health Association ($298k) and Women and Children Health Initiatives ($298k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $72k (35% of expenses). At year end it held assets of $823k against liabilities of $184k, net assets of $638k. It reported 1 employees.