Jersey City Arts Council Inc

Analysis

Jersey City Arts Council Inc is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in August 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 (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, Jersey City Arts Council Inc reported income of $189k and spending of $153k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $323k to $189k (-42%), an average of -42% a year. The sharpest change came in the year to December 2023, when income dropped by 42%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Jersey City Arts Council Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 59th percentile within NJ. Charities of a similar size with the same main cause include Lilac Preservation Project ($189k), Hispanic Connection of Southern Indiana Inc ($189k) and Polk Arts Alliance Inc ($189k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. At year end it held assets of $95k against liabilities of $0, net assets of $95k.