Iyaho Social Services of New Jersey Inc

Analysis

Iyaho Social Services of New Jersey Inc is a registered charity in United States, based in East Orange, NJ. It received its IRS tax-exemption ruling in April 2018, 8 years ago. 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, Iyaho Social Services of New Jersey Inc reported income of $1.3m and spending of $1.3m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $362k to $1.3m (+255%), an average of +37% a year. The sharpest change came in the year to December 2022, when income rose by 123%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Iyaho Social Services of New Jersey Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within NJ. Charities of a similar size with the same main cause include Agape Renewal Ministry ($1.3m), San Antonio Community Educational TV Inc ($1.3m) and Nevada Policy Research Institute ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.0% and program service revenue 98% of the total. Other salaries and wages came to $590k. At year end it held assets of $685k against liabilities of $563k, net assets of $122k.