Riverfront Plaza Garage Management Corporation

Analysis

Riverfront Plaza Garage Management Corporation is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in September 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Riverfront Plaza Garage Management Corporation reported income of $459k and spending of $851k, spending 185% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $291k to $459k (+58%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 22%. Over the whole period it spent 137% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Riverfront Plaza Garage Management Corporation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 74th percentile within NJ. Charities of a similar size with the same main cause include Transitional Supported Employment of Minnesota Inc ($459k), International Society of Sustainability Professionals ($459k) and The Mentoring Partnership of Minnesota ($459k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $5.0m against liabilities of $0, net assets of $5.0m.