Bunker Hill Industrial Park Special Improvement District MGT Corp

Analysis

Bunker Hill Industrial Park Special Improvement District MGT Corp is a registered charity in United States, based in Paterson, NJ. It received its IRS tax-exemption ruling in November 1996, 30 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 December 2023, Bunker Hill Industrial Park Special Improvement District MGT Corp reported income of $115k and spending of $88k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $79k to $115k (+44%), an average of +9.6% a year. The sharpest change came in the year to December 2020, when income rose by 192%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Bunker Hill Industrial Park Special Improvement District MGT Corp sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 48th percentile within NJ. Charities of a similar size with the same main cause include International Association of Workforce Professionals ($115k), Iba Detroit Community Development Corporation ($115k) and Alano Club of Kalispell Inc ($115k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. At year end it held assets of $262k against liabilities of $0, net assets of $262k.