Palisades Church a NJ Nonprofit Corporation

Analysis

Palisades Church a NJ Nonprofit Corporation is a registered charity in United States, based in Old Tappan, NJ. It received its IRS tax-exemption ruling in September 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Palisades Church a NJ Nonprofit Corporation reported income of $146k and spending of $103k, leaving 30% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $164k to $146k (-11%), an average of -11% a year. Over the whole period it spent 62% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Palisades Church a NJ Nonprofit Corporation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 54th percentile within NJ. Charities of a similar size with the same main cause include Bible Faith Lutheran Ministries to India Inc ($146k), Your Torah Tutors ($146k) and Amigos de Jesus Ministry ($146k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $44k. At year end it held assets of $304k against liabilities of $1,982, net assets of $303k. It reported 2 employees.