Central Park Angels Inc

Analysis

Central Park Angels Inc is a registered charity in United States, based in Bayonne, NJ. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Central Park Angels Inc reported income of $116k and spending of $157k, spending 135% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $306k to $116k (-62%), an average of -62% a year. The sharpest change came in the year to December 2023, when income dropped by 62%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Central Park Angels Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 49th percentile within NJ. Charities of a similar size with the same main cause include India Practical Missions ($116k), Panther Booster Club of Burlingame High School Inc ($116k) and Rotary Club of San Luis Obispo de Tolosa Charities Inc ($116k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $14k against liabilities of $0, net assets of $14k.