Classis of New Brunswick Community Development Corporation

Analysis

Classis of New Brunswick Community Development Corporation is a registered charity in United States, based in New Brunswick, NJ. It received its IRS tax-exemption ruling in March 2012, 14 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, Classis of New Brunswick Community Development Corporation reported income of $487k and spending of $425k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $146k to $487k (+235%), an average of +35% a year. The sharpest change came in the year to December 2020, when income rose by 103%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Classis of New Brunswick Community Development Corporation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 75th percentile within NJ. Charities of a similar size with the same main cause include Refugee Assistance Alliance Inc ($487k), Addison Community Athletics Foundation Inc ($487k) and Crossroads Mission Enterprises Inc ($487k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $15k (3.4% of expenses). Other salaries and wages came to $222k. At year end it held assets of $84k against liabilities of $7,744, net assets of $76k. It reported 8 employees.