Authority Redevelopment Corporation

Analysis

Authority Redevelopment Corporation is a registered charity in United States, based in Millville, NJ. It received its IRS tax-exemption ruling in April 2016, 10 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 (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Authority Redevelopment Corporation reported income of $2.1m and spending of $266k, leaving 87% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $151k to $2.1m (+1297%), an average of +93% a year. The sharpest change came in the year to December 2023, when income rose by 1420%. Over the whole period it spent 55% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Authority Redevelopment Corporation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within NJ. Charities of a similar size with the same main cause include Blue Monarch ($2.1m), Center for Excellence in Health Care Journalism ($2.1m) and Chesapeake Center Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 6.6% of the total. At year end it held assets of $6.2m against liabilities of $5.2m, net assets of $1.0m.