It Takes a Borough Inc

Analysis

It Takes a Borough Inc is a registered charity in United States, based in Metuchen, NJ. It received its IRS tax-exemption ruling in December 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, It Takes a Borough Inc reported income of $111k and spending of $139k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $128k to $111k (-13%), an average of -3.4% a year. The sharpest change came in the year to December 2021, when income rose by 69%. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, It Takes a Borough Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 47th percentile within NJ. Charities of a similar size with the same main cause include Progressive Eldercare Services Saline Inc ($111k), Mendota Tri-County Fair Association Inc ($111k) and Semo Alliance for Disability Independence Foundation Inc ($111k).

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 $22k against liabilities of $0, net assets of $22k.