Lets Celebrate

Analysis

Lets Celebrate is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in May 1983, 43 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, Lets Celebrate reported income of $940k and spending of $1.1m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $940k (-21%), an average of -5.7% a year. The sharpest change came in the year to December 2023, when income dropped by 24%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lets Celebrate sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 82nd percentile within NJ. Charities of a similar size with the same main cause include Comedores Sociales de Puerto Rico Inc ($940k), Horizon Counseling Inc ($940k) and Affordable Housing Institute Inc ($939k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Other salaries and wages came to $262k. At year end it held assets of $338k against liabilities of $83k, net assets of $255k. It reported 9 employees.