Resting Place New Jersey House of Prayer Inc

Analysis

Resting Place New Jersey House of Prayer Inc is a registered charity in United States, based in Ringwood, NJ. It received its IRS tax-exemption ruling in June 2008, 18 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Resting Place New Jersey House of Prayer Inc reported income of $340k and spending of $364k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $306k to $340k (+11%), an average of +2.7% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Resting Place New Jersey House of Prayer Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 70th percentile within NJ. Charities of a similar size with the same main cause include Bhartiya Temple & Cultural Center Inc ($340k), Ambassadors for Christ ($340k) and Arizona Kosher Food Pantry ($340k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $94k (26% of expenses). At year end it held assets of $41k against liabilities of $0, net assets of $41k.