New Providence Downtown Improvement District Inc

Analysis

New Providence Downtown Improvement District Inc is a registered charity in United States, based in New Providnce, NJ. It received its IRS tax-exemption ruling in May 2007, 19 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Providence Downtown Improvement District Inc reported income of $77k and spending of $107k, spending 139% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $205k to $77k (-62%), an average of -39% a year. The sharpest change came in the year to December 2022, when income dropped by 59%. Over the whole period it spent 105% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, New Providence Downtown Improvement District Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 37th percentile within NJ. Charities of a similar size with the same main cause include Blue Atlas ($77k), Dewitt County Development Council ($77k) and Community Development Foundation of Jones County Inc ($77k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $90k against liabilities of $0, net assets of $90k.