Pompton Lakes Partnership Management Corporation

Analysis

Pompton Lakes Partnership Management Corporation is a registered charity in United States, based in Pompton Lakes, NJ. It received its IRS tax-exemption ruling in October 2007, 19 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, Pompton Lakes Partnership Management Corporation reported income of $286k and spending of $266k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $359k to $286k (-20%), an average of -5.5% a year. The sharpest change came in the year to December 2021, when income rose by 445%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Pompton Lakes Partnership Management Corporation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 67th percentile within NJ. Charities of a similar size with the same main cause include Junior League of Charleston Inc ($286k), Two Harbors Area Food Shelf ($286k) and Martin Luther King Jr Celebration Committee of Brazoria County ($286k).

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 $378k against liabilities of $38k, net assets of $340k.