Lincoln Park Coast Cultural District Inc

Analysis

Lincoln Park Coast Cultural District Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in May 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, Lincoln Park Coast Cultural District Inc reported income of $1.1m and spending of $1.1m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $545k to $1.1m (+94%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 97%. 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, Lincoln Park Coast Cultural District Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within NJ. Charities of a similar size with the same main cause include Ngage New Mexico ($1.1m), Randolph Area Community Development Corporation ($1.1m) and Simpson Street Development Association Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $129k (12% of expenses). Other salaries and wages came to $125k. At year end it held assets of $2.2m against liabilities of $810k, net assets of $1.3m. It reported 3 employees.