Bangladesh Association of South Jersey Inc

Analysis

Bangladesh Association of South Jersey Inc is a registered charity in United States, based in Atlantic City, NJ. It received its IRS tax-exemption ruling in October 2015, 11 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 June 2023, Bangladesh Association of South Jersey Inc reported income of $62k and spending of $61k, spending 98% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $120k to $62k (-48%), an average of -48% a year. The sharpest change came in the year to June 2023, when income dropped by 48%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Bangladesh Association of South Jersey Inc sits at the 25th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 31st percentile within NJ. Charities of a similar size with the same main cause include Ready to Launch ($62k), Little Compton Game Club Inc ($62k) and Westwego Civic Association ($62k).

On its Form 990-EZ for the period ending June 2023, revenue came from program service revenue 32% of the total. At year end it held assets of $7,573 against liabilities of $0, net assets of $7,573.