N J Heist Inc

Analysis

N J Heist Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in August 2013, 13 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 2023, N J Heist Inc reported income of $245k and spending of $274k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $227k to $245k (+7.7%), an average of +1.9% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 125% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, N J Heist Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 64th percentile within NJ. Charities of a similar size with the same main cause include Brown County Toys for Kids ($245k), Reining Liberty Ranch ($245k) and Elderpride Inc ($245k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $7,202. At year end it held assets of $23k against liabilities of $304k, net assets of -$281k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.