Downtown Clifton Economic Development Group Inc

Analysis

Downtown Clifton Economic Development Group Inc is a registered charity in United States, based in Clifton, NJ. It received its IRS tax-exemption ruling in November 2000, 26 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, Downtown Clifton Economic Development Group Inc reported income of $118k and spending of $98k, spending 83% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $115k to $118k (+2.3%), an average of +2.3% a year. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Downtown Clifton Economic Development Group Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 49th percentile within NJ. Charities of a similar size with the same main cause include Iowas West Coast Initiative ($118k), Downtown Tipp City Partnership Inc ($118k) and Rising Together Foundation ($118k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $90k against liabilities of $3,289, net assets of $87k.