Bayonne Community Action Project Inc

Analysis

Bayonne Community Action Project Inc is a registered charity in United States, based in Bayonne, NJ. It received its IRS tax-exemption ruling in April 1999, 27 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Bayonne Community Action Project Inc reported income of $202k and spending of $359k, spending 178% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $187k to $202k (+8.0%), an average of +1.9% a year. The sharpest change came in the year to December 2020, when income rose by 21%. Over the whole period it spent 150% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bayonne Community Action Project Inc 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 54th percentile, and in the 61st percentile within NJ. Charities of a similar size with the same main cause include Emergency Housing and Advocacy Program Inc ($202k), Houston Area Urban Community Development Corporation ($202k) and Freedom Bridge to Recovery II Inc ($202k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $3.0m against liabilities of $3.1m, net assets of -$89k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.