Mt Prospect Ave Neighborhoodimprovment District Management Corp

Analysis

Mt Prospect Ave Neighborhoodimprovment District Management Corp is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in June 2008, 18 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, Mt Prospect Ave Neighborhoodimprovment District Management Corp reported income of $513k and spending of $428k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $333k to $513k (+54%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 57%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mt Prospect Ave Neighborhoodimprovment District Management Corp sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within NJ. Charities of a similar size with the same main cause include Chicago Southland Economic Development Corporation ($512k), North Carolina Hosa - Future Health Professionals Inc ($513k) and Defiance Development and Visitorsbureau Inc ($512k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $390k against liabilities of $59k, net assets of $331k.