Musconetcong Valley Community Association Inc

Analysis

Musconetcong Valley Community Association Inc is a registered charity in United States, based in Long Valley, NJ. It received its IRS tax-exemption ruling in November 1995, 31 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Musconetcong Valley Community Association Inc reported income of $732k and spending of $591k, spending 81% of its income. Across the 4 years on record, from August 2020 to August 2023, income grew from $232k to $732k (+216%), an average of +47% a year. The sharpest change came in the year to August 2021, when income rose by 68%. Over the whole period it spent 84% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Musconetcong Valley Community Association Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within NJ. Charities of a similar size with the same main cause include Confederated Lower Chinook Tribes and Bands ($731k), Circleville Pumpkin Show Inc ($732k) and Doniphan County Services and Workskills Inc ($730k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 9.0% and program service revenue 91% of the total. Other salaries and wages came to $289k. At year end it held assets of $392k against liabilities of $156k, net assets of $236k. It reported 27 employees.