Journal Square Special Improvement District Management Corporation

Analysis

Journal Square Special Improvement District Management Corporation is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in May 1997, 29 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 June 2022, Journal Square Special Improvement District Management Corporation reported income of $780k and spending of $775k, spending 99% of its income. Across the 2 years on record, from June 2021 to June 2022, income fell from $792k to $780k (-1.5%), an average of -1.5% a year. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Journal Square Special Improvement District Management Corporation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within NJ. Charities of a similar size with the same main cause include Tremont West Development Corporation ($779k), Salisbury Neighborhood Housing Service Inc ($780k) and Downtown Art Center ($779k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. At year end it held assets of $340k against liabilities of $14k, net assets of $326k.