Two Hundred Club of Bergen County

Analysis

Two Hundred Club of Bergen County is a registered charity in United States, based in Hackensack, NJ. It received its IRS tax-exemption ruling in February 1986, 40 years ago. 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, Two Hundred Club of Bergen County reported income of $317k and spending of $442k, spending 140% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $361k to $317k (-12%), an average of -3.2% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 118% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Two Hundred Club of Bergen County 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 63rd percentile, and in the 69th percentile within NJ. Charities of a similar size with the same main cause include Friendship Fire Company of Phoenixville Pennsylvania ($317k), Miller Childrens Hospital Long Beach Auxiliary Inc ($317k) and Ny City and Li Bricklayers Apprenticeship and Training Fund ($317k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $143k (32% of expenses). Other salaries and wages came to $53k. At year end it held assets of $2.6m against liabilities of $69k, net assets of $2.5m. It reported 3 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.