Nutley Belleville Columbus Day & Italian Heritage Month Parade Comm

Analysis

Nutley Belleville Columbus Day & Italian Heritage Month Parade Comm is a registered charity in United States, based in Belleville, NJ. It received its IRS tax-exemption ruling in December 2000, 26 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Nutley Belleville Columbus Day & Italian Heritage Month Parade Comm reported income of $112k and spending of $97k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $79k to $112k (+41%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Nutley Belleville Columbus Day & Italian Heritage Month Parade Comm sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 48th percentile within NJ. Charities of a similar size with the same main cause include Everything Basketball Inc ($112k), East Bay Rowing Inc ($112k) and Highland Quarterback Club Inc ($112k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 4.6% and program service revenue 87% of the total. At year end it held assets of $35k against liabilities of $0, net assets of $35k.