Bayonne Family Community Center

Analysis

Bayonne Family Community Center is a registered charity in United States, based in Bayonne, NJ. It received its IRS tax-exemption ruling in April 1971, 55 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Bayonne Family Community Center reported income of $723k and spending of $1.0m, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $723k (-40%), an average of -12% a year. The sharpest change came in the year to December 2021, when income dropped by 29%. Over the whole period it spent 123% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bayonne Family Community Center sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within NJ. Charities of a similar size with the same main cause include Belknap House ($723k), Pine Plains Memorial Hall Inc ($723k) and Childrens Place Incorporated ($722k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.1% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $87k (8.6% of expenses). Other salaries and wages came to $136k. At year end it held assets of $3.7m against liabilities of $745k, net assets of $3.0m. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.