Atlantic County Economic Alliance Inc

Analysis

Atlantic County Economic Alliance Inc is a registered charity in United States, based in Egg HBR TWP, NJ. It received its IRS tax-exemption ruling in March 2017, 9 years ago. 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, Atlantic County Economic Alliance Inc reported income of $2.9m and spending of $2.8m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $2.9m (+159%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 80%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Atlantic County Economic Alliance Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NJ. Charities of a similar size with the same main cause include New Hampshire Association for the Blind ($2.9m), Heart of Missouri United Way Inc ($2.9m) and Parkinson & Movement Disorder Alliance ($2.9m).

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 $341k (12% of expenses). Other salaries and wages came to $371k. At year end it held assets of $3.1m against liabilities of $1.8m, net assets of $1.4m. It reported 7 employees.