Keyport Bid Inc

Analysis

Keyport Bid Inc is a registered charity in United States, based in Keyport, NJ. It received its IRS tax-exemption ruling in June 2013, 13 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, Keyport Bid Inc reported income of $183k and spending of $227k, spending 124% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $174k to $183k (+4.8%), an average of +1.6% a year. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Keyport Bid Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 59th percentile within NJ. Charities of a similar size with the same main cause include Ivanhoe Village Inc ($183k), Idaho Partners for Good Foundation ($183k) and Saranac Community Association ($183k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.8% of the total. Other salaries and wages came to $11k. At year end it held assets of $117k against liabilities of $7,190, net assets of $110k. It reported 1 employees.