Hackettstown Business Improvement District Inc

Analysis

Hackettstown Business Improvement District Inc is a registered charity in United States, based in Hackettstown, NJ. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Hackettstown Business Improvement District Inc reported income of $348k and spending of $392k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $286k to $348k (+21%), an average of +5.0% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hackettstown Business Improvement District Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 70th percentile within NJ. Charities of a similar size with the same main cause include Roots and Wings Inc ($348k), Rockland Opportunity Development Assoc Inc ($348k) and St Patrick Homes Inc ($348k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $80k (20% of expenses). Other salaries and wages came to $54k. At year end it held assets of $21k against liabilities of $0, net assets of $21k. It reported 4 employees.