Trenton Business Assistance Corporation

Analysis

Trenton Business Assistance Corporation is a registered charity in United States, based in Princeton, NJ. It received its IRS tax-exemption ruling in August 1980, 46 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 September 2023, Trenton Business Assistance Corporation reported income of $7.7m and spending of $6.8m, spending 89% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $4.6m to $7.7m (+66%), an average of +14% a year. The sharpest change came in the year to September 2021, when income rose by 126%. Over the whole period it spent 67% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Trenton Business Assistance Corporation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NJ. Charities of a similar size with the same main cause include Goodwills Green Works Inc ($7.7m), Economic Development Collaborative Ventura County ($7.7m) and Renaissance Entrepreneurship Center ($7.7m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $2.1m (31% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $25.2m against liabilities of $6.6m, net assets of $18.6m. It reported 28 employees.