Hoboken Community Center Inc

Analysis

Hoboken Community Center Inc is a registered charity in United States, based in Hoboken, NJ. It received its IRS tax-exemption ruling in September 2015, 11 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hoboken Community Center Inc reported income of $887k and spending of $332k, leaving 63% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $26k to $887k (+3311%), an average of +142% a year. The sharpest change came in the year to December 2020, when income rose by 860%. Over the whole period it spent 41% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Hoboken Community Center Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 81st percentile within NJ. Charities of a similar size with the same main cause include Final Third Foundation ($887k), Emmorton Recreation Council Inc ($887k) and Anchorage Sports Association Inc ($886k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $110k. At year end it held assets of $2.5m against liabilities of $254k, net assets of $2.2m. It reported 2 employees.