We Are One New Jersey

Analysis

We Are One New Jersey is a registered charity in United States, based in Trenton, NJ. It received its IRS tax-exemption ruling in May 2015, 11 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, We Are One New Jersey reported income of $495k and spending of $493k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $367k to $495k (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2020, when income rose by 19%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, We Are One New Jersey sits at the 65th 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 Corridor Christian Early Learning Center ($495k), Wabash Independent Living and Learning Center Inc ($495k) and Trinity Child Development Center ($495k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $13k (2.6% of expenses). Other salaries and wages came to $393k. At year end it held assets of $81k against liabilities of $88k, net assets of -$7,527. It reported 10 employees.