Downtown Denville B I D

Analysis

Downtown Denville B I D is a registered charity in United States, based in Denville, NJ. It received its IRS tax-exemption ruling in August 2017, 9 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 2022, Downtown Denville B I D reported income of $222k and spending of $218k, spending 98% of its income. Across the 3 years on record, from December 2020 to December 2022, income fell from $257k to $222k (-14%), an average of -7.1% a year. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Downtown Denville B I D sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 63rd percentile within NJ. Charities of a similar size with the same main cause include Novi Community Coalition ($222k), Womens League for Community Services ($222k) and Venture Noire Inc ($222k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 59% of the total. Other salaries and wages came to $64k. At year end it held assets of $51k against liabilities of $7,846, net assets of $43k. It reported 2 employees.