New Jersey Innovation Institute Inc
211 Warren Street, Newark, NJ · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $21,213,735 | $36,629,425 | $45,050,160 |
| FY2024 | $30,773,365 | $27,724,858 | $60,019,012 |
| FY2023 | $34,340,267 | $34,778,092 | $56,970,505 |
| FY2022 | $85,737,246 | $27,105,207 | $57,408,330 |
| FY2021 | $28,426,314 | $29,725,789 | -$1,223,709 |
| FY2020 | $19,548,226 | $20,662,984 | $75,766 |
| FY2019 | $25,116,958 | $26,333,307 | $1,145,609 |
| FY2018 | $25,158,191 | $23,648,158 | $2,361,958 |
| FY2017 | $18,977,668 | $18,193,995 | $851,925 |
| FY2016 | $11,182,499 | $11,005,522 | $68,252 |
| FY2015 | $1,818,942 | $1,927,667 | -$108,725 |
Form 990 filings
The returns filed by New Jersey Innovation Institute Inc (EIN 47-1042118), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $15,926,617 | 75% |
| Program service revenue | $2,502,869 | 12% |
| Other revenue | $2,784,249 | 13% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $30,434,032 | 83% |
| Management & general | $6,195,393 | 17% |
| Fundraising | $0 | 0% |
What the numbers show
- Contributions & grants made up 75% of total revenue in FY2025.
- Program services accounted for 83% of functional expenses, management & general 17%, and fundraising 0%.
- 83% of functional expenses went to program services in FY2025. That is higher than 54.4% of 171 Science & Technology organizations nationwide (too few in NJ for a state comparison).
- Net assets covered about 14.8 months of expenses at the end of the reporting year. That puts it in the 50th percentile among 38 Science & Technology organizations in NJ.
- Total revenue was higher than 92.1% of 38 Science & Technology organizations in NJ.
- Total revenue rose from $1,818,942 in FY2015 to $21,213,735 in FY2025. Revenue increased in 5 and decreased in 5 of 10 year-over-year comparisons.
- Expenses exceeded revenue in 6 of 11 reported years (FY2015, FY2019, FY2020, FY2021, FY2023, FY2025).
- The highest revenue on record here is $85,737,246 in FY2022.
- Net assets grew from -$108,725 to $45,050,160 between FY2015 and FY2025.
- Contributions and grants made up 60% of revenue in FY2015 and 75% in FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (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
WE ARE AN INNOVATIVE RESEARCH ORG. DEDICATED TO REVITALIZING ECONOMIC DEVELOPMENT WITHIN NJ.
IRS status
| Ruling year | 2015 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | U05 — Science & Technology |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
Similar organizations
- Institute for Advanced Study — Princeton, NJ · $88,930,858
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 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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