Downtown New Jersey Inc

Analysis

Downtown New Jersey Inc is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in January 1991, 35 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Downtown New Jersey Inc reported income of $69k and spending of $79k, spending 113% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $76k to $69k (-8.1%), an average of -8.1% a year. Over the whole period it spent 105% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Downtown New Jersey Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 35th percentile within NJ. Charities of a similar size with the same main cause include Milnor Area Community Center Inc ($69k), Community Betterment Foundation Inc ($70k) and Junior Service League of Independence Mo Administrative Fun ($69k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 37% of the total. At year end it held assets of $24k against liabilities of $0, net assets of $24k.