Seaside Heights Business Improvement District Inc

Analysis

Seaside Heights Business Improvement District Inc is a registered charity in United States, based in Seaside HGTS, NJ. It received its IRS tax-exemption ruling in October 2001, 25 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, Seaside Heights Business Improvement District Inc reported income of $495k and spending of $376k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $406k to $495k (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Seaside Heights Business Improvement District Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 75th percentile within NJ. Charities of a similar size with the same main cause include Brick Capital Community Development Corporation ($494k), Southwest Laborers Training and Apprenticeship Fund ($495k) and Lemhi County Economic Development Corporation ($494k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. Other salaries and wages came to $100k. At year end it held assets of $205k against liabilities of $19k, net assets of $186k. It reported 5 employees.