South Jersey Innovation Center a NJ Nonprofit Corporation

Analysis

South Jersey Innovation Center a NJ Nonprofit Corporation is a registered charity in United States, based in Cherry Hill, NJ. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, South Jersey Innovation Center a NJ Nonprofit Corporation reported income of $318k and spending of $309k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $213k to $318k (+49%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 132%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, South Jersey Innovation Center a NJ Nonprofit Corporation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 69th percentile within NJ. Charities of a similar size with the same main cause include The Discovery Science Place Inc ($318k), Latino Arts Inc ($318k) and New Expressive Works ($318k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $21k (6.8% of expenses). Other salaries and wages came to $118k. At year end it held assets of $51k against liabilities of $0, net assets of $51k. It reported 26 employees.