Central Jersey Arts Council

Analysis

Central Jersey Arts Council is a registered charity in United States, based in Carteret, NJ. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Central Jersey Arts Council reported income of $314k and spending of $116k, leaving 63% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $68k to $314k (+364%), an average of +115% a year. The sharpest change came in the year to December 2023, when income rose by 265%. Over the whole period it spent 62% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Central Jersey Arts Council sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 69th percentile within NJ. Charities of a similar size with the same main cause include Paragon Institute of Innovation ($314k), Crystal Theatre Inc ($314k) and Kings Canvas Gallery & Studio ($314k).

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 $20k. At year end it held assets of $250k against liabilities of $29k, net assets of $220k.