Inlet Public-Private Association Inc

Analysis

Inlet Public-Private Association Inc is a registered charity in United States, based in Atlantic City, NJ. It received its IRS tax-exemption ruling in January 1990, 36 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, Inlet Public-Private Association Inc reported income of $264k and spending of $256k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $236k to $264k (+12%), an average of +2.9% a year. The sharpest change came in the year to December 2021, when income rose by 81%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Inlet Public-Private Association Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 66th percentile within NJ. Charities of a similar size with the same main cause include National Association of Securities Professionals ($264k), Shepherd Sugar Bush Corporation ($264k) and Transformed Communities International Inc ($264k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 36% of the total. Other salaries and wages came to $152k. At year end it held assets of $571k against liabilities of $269k, net assets of $302k. It reported 6 employees.