Hammonton Revitalization Corporation

Analysis

Hammonton Revitalization Corporation is a registered charity in United States, based in Hammonton, NJ. It received its IRS tax-exemption ruling in April 1989, 37 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 December 2023, Hammonton Revitalization Corporation reported income of $202k and spending of $171k, spending 85% of its income. Across the 3 years on record, from December 2020 to December 2023, income fell from $831k to $202k (-76%), an average of -51% a year. The sharpest change came in the year to December 2022, when income dropped by 69%. Over the whole period it spent 84% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hammonton Revitalization Corporation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 61st percentile within NJ. Charities of a similar size with the same main cause include Downtown Gadsden Inc ($202k), Leadership Lafayette Inc ($202k) and Southeast Fairfax Development Corporation ($201k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $47k (27% of expenses). At year end it held assets of $507k against liabilities of $250k, net assets of $257k. It reported 1 employees.