New Jersey Tutoring Corps Inc

Analysis

New Jersey Tutoring Corps Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in September 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Tutoring Corps Inc reported income of $3.6m and spending of $3.8m, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $1.8m to $3.6m (+101%), an average of +101% a year. The sharpest change came in the year to December 2023, when income rose by 101%. Over the whole period it spent 73% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Jersey Tutoring Corps Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NJ. Charities of a similar size with the same main cause include Stanislaus Business Alliance Inc ($3.6m), Marine Area Community School ($3.6m) and Experiential School of Greensboro Inc ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $176k (4.6% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $1.5m against liabilities of $35k, net assets of $1.5m. It reported 330 employees.