Center in Asbury Park Inc

Analysis

Center in Asbury Park Inc is a registered charity in United States, based in Asbury Park, NJ. It received its IRS tax-exemption ruling in April 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Center in Asbury Park Inc reported income of $1.6m and spending of $1.8m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $873k to $1.6m (+87%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Center in Asbury Park Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within NJ. Charities of a similar size with the same main cause include Vintage Thrift Shop Corporation ($1.6m), Mifal Beer Hachaim Inc ($1.6m) and New Horizons Crisis Center ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $138k (7.5% of expenses). Other salaries and wages came to $267k. At year end it held assets of $3.2m against liabilities of $2.1m, net assets of $1.1m. It reported 8 employees.