Friendship Circle New Jersey Inc

Analysis

Friendship Circle New Jersey Inc is a registered charity in United States, based in Livingston, NJ. It received its IRS tax-exemption ruling in November 2013, 13 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 June 2023, Friendship Circle New Jersey Inc reported income of $2.5m and spending of $2.6m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $2.5m (+53%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 39%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Friendship Circle New Jersey Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NJ. Charities of a similar size with the same main cause include Hargis Christian Camp ($2.5m), Chapin We Care Center ($2.5m) and Shinnyo-En Foundation ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 6.0% of the total. Compensation of current officers, directors and key employees was $188k (7.3% of expenses). Other salaries and wages came to $639k. At year end it held assets of $1.9m against liabilities of $1.0m, net assets of $851k. It reported 26 employees.