Midtown Elizabeth District Management Corporation Inc

Analysis

Midtown Elizabeth District Management Corporation Inc is a registered charity in United States, based in Elizabeth, NJ. It received its IRS tax-exemption ruling in December 1997, 29 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, Midtown Elizabeth District Management Corporation Inc reported income of $226k and spending of $130k, leaving 43% of income unspent that year. Across the 5 years on record, from December 2018 to December 2023, income fell from $244k to $226k (-7.2%), an average of -1.8% a year. The sharpest change came in the year to December 2021, when income rose by 18%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Midtown Elizabeth District Management Corporation Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 63rd percentile within NJ. Charities of a similar size with the same main cause include Friends of Bananas Incorporated ($226k), Junior League of Abilene Inc ($226k) and Pueblo Organizado En Defensa de LA Tierra Y Sus Recursos ($226k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $1,244. At year end it held assets of $222k against liabilities of $20k, net assets of $203k.