Big Brothers Big Sisters Foundation of New Jersey Inc

Analysis

Big Brothers Big Sisters Foundation of New Jersey Inc is a registered charity in United States, based in Asbury Park, NJ. It received its IRS tax-exemption ruling in July 2005, 21 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Big Brothers Big Sisters Foundation of New Jersey Inc reported income of $1.1m and spending of $1.0m, spending 98% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $1.1m to $1.1m (+0.8%), an average of +0.3% a year. The sharpest change came in the year to December 2023, when income rose by 2020%. Over the whole period it spent 98% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Big Brothers Big Sisters Foundation of New Jersey Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within NJ. Charities of a similar size with the same main cause include Alaska 4-H Youth Development Programs Inc ($1.1m), Youth Development Network ($1.1m) and Liberty Resources Family Services Inc ($1.1m).

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 $650k. At year end it held assets of $69k against liabilities of $1,151, net assets of $68k.