Community Center of Lakewood Inc

Analysis

Community Center of Lakewood Inc is a registered charity in United States, based in Woodbridge, NJ. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Community Center of Lakewood Inc reported income of $158k and spending of $225k, spending 142% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $82k to $158k (+93%), an average of +24% a year. The sharpest change came in the year to December 2021, when income rose by 78%. Over the whole period it spent 148% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Community Center of Lakewood Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 56th percentile within NJ. Charities of a similar size with the same main cause include Happy Reading Ministries Inc ($158k), Hebrew Free Loan Assoc of San Antonio ($158k) and Frances Paul TR No-319319 ($158k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $4.4m against liabilities of $0, net assets of $4.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.