New Jersey Family Foundation

Analysis

New Jersey Family Foundation is a registered charity in United States, based in Warren, NJ. It received its IRS tax-exemption ruling in April 2023, 3 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Jersey Family Foundation reported income of $241k and spending of $311k, spending 129% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $219k to $241k (+10%), an average of +10% a year. Over the whole period it spent 87% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, New Jersey Family Foundation 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 58th percentile, and in the 64th percentile within NJ. Charities of a similar size with the same main cause include Gospel Care Ministry Inc ($241k), New Jerusalem Missions ($241k) and Revival Mandate International ($241k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $195k (63% of expenses). Other salaries and wages came to $5,425. At year end it held assets of $58k against liabilities of $0, net assets of $58k. It reported 4 employees.