Njiec Education and Training Center

Analysis

Njiec Education and Training Center is a registered charity in United States, based in Somerset, NJ. It received its IRS tax-exemption ruling in November 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Njiec Education and Training Center reported income of $601k and spending of $349k, leaving 42% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $322k to $601k (+87%), an average of +86% a year. The sharpest change came in the year to December 2023, when income rose by 87%. Over the whole period it spent 53% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Njiec Education and Training Center sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within NJ. Charities of a similar size with the same main cause include Bouncing Bulldogs Inc ($601k), Bentonville Band Boosters ($601k) and Western Association of Educational Opportunity Personnel ($601k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. Other salaries and wages came to $43k. At year end it held assets of $461k against liabilities of $12k, net assets of $449k. It reported 7 employees.