Linden Economic Development Corp

Analysis

Linden Economic Development Corp is a registered charity in United States, based in Linden, NJ. It received its IRS tax-exemption ruling in August 2009, 17 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Linden Economic Development Corp reported income of $125k and spending of $97k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $85k to $125k (+47%), an average of +47% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Linden Economic Development Corp sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 50th percentile within NJ. Charities of a similar size with the same main cause include Cornhusker CHP Assoc BLDRS & Contr Apprenticeship & Training TR Fund ($125k), American Freedom Assembly Inc ($125k) and 1up Coaching ($125k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $109k against liabilities of $0, net assets of $109k.