Bloomfield Center Alliance Inc

Analysis

Bloomfield Center Alliance Inc is a registered charity in United States, based in Bloomfield, NJ. It received its IRS tax-exemption ruling in May 2002, 24 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, Bloomfield Center Alliance Inc reported income of $391k and spending of $414k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $433k to $391k (-9.8%), an average of -2.5% a year. The sharpest change came in the year to December 2021, when income dropped by 21%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Bloomfield Center Alliance Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 72nd percentile within NJ. Charities of a similar size with the same main cause include Special Needs Trust Foundation ($391k), Iowa Foundation for Microenterprise and Community Vitality ($391k) and Junior League of Little Rock Inc ($391k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.8% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $97k (24% of expenses). Other salaries and wages came to $142k. At year end it held assets of $156k against liabilities of $111k, net assets of $46k. It reported 5 employees.