Jackson Hill Main Street Management Corporation

Analysis

Jackson Hill Main Street Management Corporation is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in December 2014, 12 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, Jackson Hill Main Street Management Corporation reported income of $364k and spending of $351k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $249k to $364k (+46%), an average of +9.9% a year. The sharpest change came in the year to December 2022, when income rose by 62%. 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, Jackson Hill Main Street Management Corporation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 71st percentile within NJ. Charities of a similar size with the same main cause include Living Lchaim Inc ($363k), Imsa Educational Foundation ($364k) and Eastern Washington Community Dairy ($363k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $58k (16% of expenses). Other salaries and wages came to $103k. At year end it held assets of $166k against liabilities of $8,569, net assets of $157k. It reported 2 employees.