Weequahic Park Multi-Purpose Center

Analysis

Weequahic Park Multi-Purpose Center is a registered charity in United States, based in East Orange, NJ. It received its IRS tax-exemption ruling in September 2022, 4 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 August 2023, Weequahic Park Multi-Purpose Center reported income of $402k and spending of $217k, leaving 46% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $228k to $402k (+76%), an average of +15% a year. The sharpest change came in the year to August 2023, when income rose by 43%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Weequahic Park Multi-Purpose Center sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 72nd percentile within NJ. Charities of a similar size with the same main cause include Accessible Coastal Carolina Events Sports and Services ($402k), Ninety-Nine Plus One Foundation ($402k) and Way to Go Inc ($402k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $94k. At year end it held assets of $1.8m against liabilities of $872k, net assets of $950k.