Njarts Net Inc

Analysis

Njarts Net Inc is a registered charity in United States, based in Montclair, NJ. It received its IRS tax-exemption ruling in October 2020, 6 years ago. 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, Njarts Net Inc reported income of $102k and spending of $101k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $84k to $102k (+22%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Njarts Net Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 45th percentile within NJ. Charities of a similar size with the same main cause include Overflow ($102k), C Burr Artz Library ($102k) and Gladwyne Free Library ($102k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 65% of the total. At year end it held assets of $17k against liabilities of $0, net assets of $17k.