Fund for a Better Waterfront Inc

Analysis

Fund for a Better Waterfront Inc is a registered charity in United States, based in Hoboken, NJ. It received its IRS tax-exemption ruling in March 1992, 34 years ago. 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, Fund for a Better Waterfront Inc reported income of $64k and spending of $105k, spending 165% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $116k to $64k (-45%), an average of -45% a year. The sharpest change came in the year to December 2023, when income dropped by 45%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fund for a Better Waterfront Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 32nd percentile within NJ. Charities of a similar size with the same main cause include Santa Claus Girls ($64k), Garrisons Landing Association Inc ($64k) and Project Bright Future Mentoring Program ($64k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 65% of the total. At year end it held assets of $57k against liabilities of $0, net assets of $57k.