Millburn Short Hills Business Organization Inc

Analysis

Millburn Short Hills Business Organization Inc is a registered charity in United States, based in Millburn, NJ. It received its IRS tax-exemption ruling in July 2021, 5 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, Millburn Short Hills Business Organization Inc reported income of $289k and spending of $282k, spending 97% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $635k to $289k (-54%), an average of -32% a year. The sharpest change came in the year to December 2022, when income dropped by 56%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Millburn Short Hills Business Organization 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 61st percentile, and in the 67th percentile within NJ. Charities of a similar size with the same main cause include One in a Million Inc ($289k), Salem Area Community Betterment Association ($289k) and Florida Justice Association Research & Education Foundation ($289k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $36k against liabilities of $0, net assets of $36k.