Perth Amboy Business Improvement Corporation Inc

Analysis

Perth Amboy Business Improvement Corporation Inc is a registered charity in United States, based in Perth Amboy, NJ. It received its IRS tax-exemption ruling in April 1992, 34 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, Perth Amboy Business Improvement Corporation Inc reported income of $256k and spending of $207k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $269k to $256k (-5.2%), an average of -1.3% a year. Over the whole period it spent 111% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Perth Amboy Business Improvement Corporation 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 65th percentile within NJ. Charities of a similar size with the same main cause include Payne-Phalen Community Council ($255k), Arsenal Place ($256k) and District 2 Community Council ($255k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $283k against liabilities of $32k, net assets of $251k.