Groundbreakers NJ Inc

Analysis

Groundbreakers NJ Inc is a registered charity in United States, based in Springfield, NJ. It received its IRS tax-exemption ruling in August 2018, 8 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, Groundbreakers NJ Inc reported income of $84k and spending of $84k, spending 100% of its income. Across the 2 years on record, from December 2019 to December 2023, income grew from $38k to $84k (+119%), an average of +119% a year. The sharpest change came in the year to December 2023, when income rose by 119%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Groundbreakers NJ Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 40th percentile within NJ. Charities of a similar size with the same main cause include S C R a P Gallery ($84k), Friends of the Wyandotte Museums ($84k) and Crescendo Performing Arts Academyinc ($84k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $731 against liabilities of $0, net assets of $731.