Njlica Apprenticeship Education and Training Fund

Analysis

Njlica Apprenticeship Education and Training Fund is a registered charity in United States, based in Succasunna, NJ. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Njlica Apprenticeship Education and Training Fund reported income of $888k and spending of $215k, leaving 76% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $323k to $888k (+175%), an average of +40% a year. The sharpest change came in the year to December 2021, when income rose by 60%. Over the whole period it spent 17% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Njlica Apprenticeship Education and Training Fund sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 81st percentile within NJ. Charities of a similar size with the same main cause include Greater Grand Junction Sports Commission ($888k), Healing to Action NFP ($889k) and Little Village Community Foundation Corp ($888k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m.