Newark Community Street Team Inc

Analysis

Newark Community Street Team Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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, Newark Community Street Team Inc reported income of $9.3m and spending of $7.6m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $9.3m (+780%), an average of +72% a year. The sharpest change came in the year to December 2021, when income rose by 188%. Over the whole period it spent 81% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Newark Community Street Team Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NJ. Charities of a similar size with the same main cause include Lee County Youth Development Center Inc ($9.3m), Community Legal Aid Society Inc ($9.3m) and Sunshine Division Portland Police Dept ($9.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.7% of the total. Compensation of current officers, directors and key employees was $829k (11% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $5.6m against liabilities of $1.8m, net assets of $3.9m. It reported 172 employees.