Science & Technology
(U05)
990 on File
NEW JERSEY INNOVATION INSTITUTE INC
Financial strength (30%)
89/100
Reliability (20%)
50/100
Effectiveness (25%)
88/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Financial Overview — FY 2024
$30.8M
Total Revenue
$27.7M
Total Expenses
$60.0M
Net Assets
154
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
80.5%
Fundraising Efficiency
N/A
Operating Reserve
25.98x
Liability-to-Asset
20.1%
Revenue Diversification
77.8%
Executive Compensation
$514K
Compared with Peers
FY 2024
Compared with 98 similar organizations
(United States, Science & Technology, $10M–$100M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
80.5% | 82.4% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
19.5% | 14.3% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.1% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
26.0 mo | 16.4 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
20.1% | 21.2% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
77.8% | 85.6% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
-10.4% | 4.6% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-20.3% | 5.9% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
9.9% | 0.0% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $30.8M | $27.7M | $60.0M | 80.5% | 154 |
| 2023 | $34.3M | $34.8M | $57.0M | 91.2% | 131 |
| 2022 | $85.7M | $27.1M | $57.4M | 83.1% | 148 |
| 2021 | $28.4M | $29.7M | N/A | — | 154 |
| 2020 | $19.5M | $20.7M | N/A | — | 166 |
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