New Brunswick City Market Inc

Analysis

New Brunswick City Market Inc is a registered charity in United States, based in New Brunswick, NJ. It received its IRS tax-exemption ruling in October 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 (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, New Brunswick City Market Inc reported income of $771k and spending of $885k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $625k to $771k (+23%), an average of +5.4% a year. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, New Brunswick City Market Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within NJ. Charities of a similar size with the same main cause include Harbor House Ministries Inc ($771k), Ocean Park Association ($771k) and Genesis Harbor of Opportunities Promoting Excellent ($771k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $120k (14% of expenses). Other salaries and wages came to $36k. At year end it held assets of $902k against liabilities of $144k, net assets of $758k. It reported 3 employees.