Garden State Initiative Inc

Analysis

Garden State Initiative Inc is a registered charity in United States, based in Morristown, NJ. It received its IRS tax-exemption ruling in April 2017, 9 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Garden State Initiative Inc reported income of $440k and spending of $395k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $330k to $440k (+33%), an average of +7.5% a year. The sharpest change came in the year to December 2020, when income rose by 105%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Garden State Initiative Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 73rd percentile within NJ. Charities of a similar size with the same main cause include Anublue Inc ($440k), The Depot Theatre Inc ($440k) and James Payne Ministries ($440k).

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 $83k (21% of expenses). At year end it held assets of $249k against liabilities of $20k, net assets of $230k. It reported 1 employees.