Gleif Americas a New Jersey Nonprofit Corporation

Analysis

Gleif Americas a New Jersey Nonprofit Corporation is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Gleif Americas a New Jersey Nonprofit Corporation reported income of $1.8m and spending of $1.7m, spending 95% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $735k to $1.8m (+148%), an average of +35% a year. The sharpest change came in the year to December 2021, when income rose by 90%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gleif Americas a New Jersey Nonprofit Corporation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within NJ. Charities of a similar size with the same main cause include Greater Bridgeport Jewish Housing Corp ($1.8m), Kara ($1.8m) and East Bay United Soccer Club ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $1.0m (58% of expenses). Other salaries and wages came to $263k. At year end it held assets of $497k against liabilities of $226k, net assets of $271k. It reported 7 employees.