Springfield Avenue Partnership a New Jersey Non-Profit Corporation

Analysis

Springfield Avenue Partnership a New Jersey Non-Profit Corporation is a registered charity in United States, based in Maplewood, NJ. It received its IRS tax-exemption ruling in November 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 December 2023, Springfield Avenue Partnership a New Jersey Non-Profit Corporation reported income of $283k and spending of $283k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $380k to $283k (-25%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 25%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Springfield Avenue Partnership a New Jersey Non-Profit Corporation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 67th percentile within NJ. Charities of a similar size with the same main cause include Economic Growth Connection of Westmoreland ($283k), Fort Worth Promotion and Development Fund ($283k) and Downtown Neighborhood Association of Elgin ($283k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.1% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $102k (36% of expenses). At year end it held assets of $127k against liabilities of $63k, net assets of $64k. It reported 1 employees.