Boardwalk 1000 Foundation a New Jersey Nonprofit Corporation

Analysis

Boardwalk 1000 Foundation a New Jersey Nonprofit Corporation is a registered charity in United States, based in Atlantic City, NJ. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Boardwalk 1000 Foundation a New Jersey Nonprofit Corporation reported income of $136k and spending of $119k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $4,137 to $136k (+3190%), an average of +3190% a year. The sharpest change came in the year to December 2023, when income rose by 3190%. Over the whole period it spent 85% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Boardwalk 1000 Foundation a New Jersey Nonprofit Corporation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 53rd percentile within NJ. Charities of a similar size with the same main cause include Hudson Rotary Foundation Inc ($136k), Forsgate Foundation Inc ($136k) and Loveiam ($136k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $21k against liabilities of $0, net assets of $21k.