The Jersey Surf a New Jersey Non-Profit Corporation

Analysis

The Jersey Surf a New Jersey Non-Profit Corporation is a registered charity in United States, based in West Berlin, NJ. It received its IRS tax-exemption ruling in July 2017, 9 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, The Jersey Surf a New Jersey Non-Profit Corporation reported income of $602k and spending of $802k, spending 133% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income fell from $628k to $602k (-4.2%), an average of -1.1% a year. The sharpest change came in the year to October 2022, when income rose by 323%. Over the whole period it spent 117% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Jersey Surf a New Jersey Non-Profit Corporation 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 73rd percentile, and in the 77th percentile within NJ. Charities of a similar size with the same main cause include Building Community in New Hampshire ($602k), Aiken Center for the Arts Inc ($602k) and Portland Piano International ($602k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 7.3% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $42k (5.2% of expenses). At year end it held assets of $205k against liabilities of $537k, net assets of -$332k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.