Spiricare of New Jersey Inc

Analysis

Spiricare of New Jersey Inc is a registered charity in United States, based in Burlington, NJ. It received its IRS tax-exemption ruling in April 1988, 38 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Spiricare of New Jersey Inc reported income of $1.2m and spending of $1.4m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $370k to $1.2m (+236%), an average of +35% a year. The sharpest change came in the year to December 2020, when income rose by 152%. Over the whole period it spent 117% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Spiricare of New Jersey Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within NJ. Charities of a similar size with the same main cause include Igl Pentecostal Mision Cristiana Ebenezer ($1.2m), Indianapolis Ministries 2 Inc ($1.2m) and Alliance of Information and Referral Systems Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Other salaries and wages came to $950k. At year end it held assets of $295k against liabilities of $937k, net assets of -$642k. It reported 64 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.