Garden State Episcopal Community Development Corp

Analysis

Garden State Episcopal Community Development Corp is a registered charity in United States, based in Union City, NJ. It received its IRS tax-exemption ruling in July 2020, 6 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, Garden State Episcopal Community Development Corp reported income of $6.6m and spending of $6.8m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.1m to $6.6m (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Garden State Episcopal Community Development Corp sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NJ. Charities of a similar size with the same main cause include Transcenter for Youth Inc ($6.6m), Goodwill Industries of Lorain County Inc ($6.6m) and Boy Scouts of America ($6.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 81% of the total. Other salaries and wages came to $2.5m. At year end it held assets of $16.4m against liabilities of $14.7m, net assets of $1.7m. It reported 71 employees.