New Jersey Childrens Foundation

Analysis

New Jersey Childrens Foundation is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, New Jersey Childrens Foundation reported income of $2.1m and spending of $8.6m, spending 402% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.8m to $2.1m (-23%), an average of -6.2% a year. The sharpest change came in the year to June 2021, when income rose by 110%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Jersey Childrens Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within NJ. Charities of a similar size with the same main cause include Triangle Research Libraries Network ($2.1m), Kappa Alpha Order Educational Foundation ($2.1m) and Ector County Isd Education Foundation Inc ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 6.2% of the total. Compensation of current officers, directors and key employees was $586k (6.8% of expenses). Other salaries and wages came to $296k. At year end it held assets of $2.4m against liabilities of $1.0m, net assets of $1.4m. It reported 6 employees.