Princeton Nearly New Shop Corp

Analysis

Princeton Nearly New Shop Corp is a registered charity in United States, based in Princeton, NJ. It received its IRS tax-exemption ruling in December 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Princeton Nearly New Shop Corp reported income of $247k and spending of $243k, spending 98% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $214k to $247k (+15%), an average of +7.3% a year. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Princeton Nearly New Shop Corp 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 65th percentile within NJ. Charities of a similar size with the same main cause include Centro de Cuidado Diurno Sueno Infantil Inc ($247k), Logan County Friendly Senior Center ($247k) and Open Arms Native Missions ($247k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $68k (28% of expenses). Other salaries and wages came to $48k. At year end it held assets of $20k against liabilities of $0, net assets of $20k. It reported 10 employees.