Trenton Downtown Association Inc

Analysis

Trenton Downtown Association Inc is a registered charity in United States, based in Trenton, NJ. It received its IRS tax-exemption ruling in February 1987, 39 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 June 2023, Trenton Downtown Association Inc reported income of $1.0m and spending of $877k, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.1m to $1.0m (-6.5%), an average of -1.7% a year. The sharpest change came in the year to June 2023, when income rose by 15%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Trenton Downtown Association Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within NJ. Charities of a similar size with the same main cause include Qubic Labs Inc ($1.0m), Lutheran Home Forsyth County Property Inc ($1.0m) and Mount Carmel Senior Housing Development Fund Corporation ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $92k. At year end it held assets of $845k against liabilities of $67k, net assets of $779k. It reported 5 employees.