New Jersey Farmers Cooperative

Analysis

New Jersey Farmers Cooperative is a registered charity in United States, based in West Cape May, NJ. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, New Jersey Farmers Cooperative reported income of $732k and spending of $23k, leaving 97% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $6.2m to $732k (-88%), an average of -66% a year. The sharpest change came in the year to December 2022, when income dropped by 92%. Over the whole period it spent 60% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Jersey Farmers Cooperative sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within NJ. Charities of a similar size with the same main cause include Youth Assistance Coalition Inc ($732k), Valley Fund Corporation ($732k) and Wisdom Projects Inc ($732k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $3.7m against liabilities of $745k, net assets of $3.0m.