Haddon Township Equity Initiative

Analysis

Haddon Township Equity Initiative is a registered charity in United States, based in Marlton, NJ. It received its IRS tax-exemption ruling in November 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Haddon Township Equity Initiative reported income of $196k and spending of $138k, leaving 30% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $70k to $196k (+181%), an average of +181% a year. The sharpest change came in the year to June 2024, when income rose by 181%. Over the whole period it spent 72% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Haddon Township Equity Initiative sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 60th percentile within NJ. Charities of a similar size with the same main cause include Dyslexia Reseource Center ($196k), Daytons Bluff Construction Training Center ($197k) and Look for Success Inc ($196k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 8.6% and program service revenue 91% of the total. At year end it held assets of $119k against liabilities of $0, net assets of $119k.