Warehouse NJ

Analysis

Warehouse NJ is a registered charity in United States, based in Millburn, NJ. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Warehouse NJ reported income of $219k and spending of $227k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $185k to $219k (+18%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Warehouse NJ sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 63rd percentile within NJ. Charities of a similar size with the same main cause include Hill Country Council on Alcohol & Drug Abuse Inc ($219k), Goods for Good Inc ($219k) and Clothes Closet Inc ($219k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% of the total. Compensation of current officers, directors and key employees was $35k (15% of expenses). At year end it held assets of $84k against liabilities of $4,771, net assets of $80k. It reported 1 employees.