Bloomfieldavenue-Lowerbroadwaybid Inc

Analysis

Bloomfieldavenue-Lowerbroadwaybid Inc is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in August 2018, 8 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, Bloomfieldavenue-Lowerbroadwaybid Inc reported income of $444k and spending of $384k, spending 87% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $444k to $444k (-0.1%), an average of +-0.0% a year. Over the whole period it spent 85% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Bloomfieldavenue-Lowerbroadwaybid Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 74th percentile within NJ. Charities of a similar size with the same main cause include Quality Support Solutions Inc ($443k), Anna Economic Development Corporation ($444k) and New Century Foundation ($443k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $579k against liabilities of $39k, net assets of $540k.