Plainfield Central Business District Management Corporation

Analysis

Plainfield Central Business District Management Corporation is a registered charity in United States, based in Plainfield, NJ. It received its IRS tax-exemption ruling in July 2022, 4 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 2023, Plainfield Central Business District Management Corporation reported income of $209k and spending of $136k, leaving 35% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $131k to $209k (+59%), an average of +59% a year. The sharpest change came in the year to December 2023, when income rose by 59%. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Plainfield Central Business District Management Corporation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 62nd percentile within NJ. Charities of a similar size with the same main cause include World Association for Emergency & Disaster Medicine Inc ($208k), Veterans in Energy ($209k) and Indian Medical Association of Northwest Indiana ($208k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $46k. At year end it held assets of $214k against liabilities of $0, net assets of $214k. It reported 2 employees.