COMMUNITY FOUNDATION OF NEW JERSEY
35 KNOX HILL RD, MORRISTOWN, NJ · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $211,932,280 | $118,241,011 | $961,242,848 |
| FY2023 | $145,893,936 | $82,099,372 | $827,696,625 |
| FY2022 | $153,275,906 | $163,989,555 | $708,280,332 |
| FY2021 | $257,903,592 | $118,365,277 | $827,048,030 |
| FY2020 | $201,294,607 | $102,910,923 | $639,804,992 |
| FY2019 | $121,914,293 | $65,162,245 | $505,647,736 |
| FY2018 | $124,792,561 | $78,494,879 | $401,553,075 |
| FY2017 | $94,761,884 | $61,663,141 | $441,457,444 |
| FY2016 | $118,821,817 | $70,214,258 | $384,669,244 |
| FY2015 | $109,884,425 | $52,818,727 | $327,311,293 |
| FY2014 | $104,269,789 | $46,532,745 | $288,238,677 |
| FY2013 | $57,996,842 | $42,827,704 | $238,511,639 |
| FY2012 | $42,333,905 | $33,005,078 | $207,878,344 |
| FY2011 | $44,039,339 | $32,424,815 | $195,401,006 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $154,976,648 | 97% |
| Program service revenue | $4,580,745 | 3% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $116,229,015 | 98% |
| Management & general | $1,438,351 | 1% |
| Fundraising | $573,645 | 0% |
What the numbers show
- Contributions & grants made up 97% of total revenue in FY2024.
- Program services accounted for 98% of functional expenses, management & general 1%, and fundraising 0%.
- 98% of functional expenses went to program services in FY2024. That is higher than 89.4% of 1000 Philanthropy, Voluntarism & Grantmaking Foundations organizations nationwide (too few in NJ for a state comparison).
- Net assets covered about 97.6 months of expenses at the end of the reporting year. That puts it in the 52nd percentile among 2226 Philanthropy, Voluntarism & Grantmaking Foundations organizations in NJ.
- Total revenue was higher than 99.9% of 2327 Philanthropy, Voluntarism & Grantmaking Foundations organizations in NJ.
- Total revenue rose from $44,039,339 in FY2011 to $211,932,280 in FY2024, Revenue increased in 8 and decreased in 5 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 1 of 14 reported years (FY2022).
- The highest revenue on record here is $257,903,592 in FY2021.
- Net assets grew from $195,401,006 to $961,242,848 between FY2011 and FY2024.
- Contributions and grants made up 90% of revenue in FY2011 and 73% in FY2024.
- Donations are generally tax-deductible (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
TO CONNECT DONORS TO ORGANIZATIONS, PROVIDE LEADERSHIP AND SUPPORT TO DONORS, COMMUNITY ORGANIZATIONS, LEADERS AND FOUNDATIONS TO ACHIEVE THE ART OF LASTING PHILANTHROPY.
IRS status
| Ruling year | 1985 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | T310 — Philanthropy, Voluntarism & Grantmaking Foundations |
| Donations | Donations are generally tax-deductible (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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