Nonprofit screen
Screen a listJersey City Economic Development Corp
Can you give?
Listed with the IRS. Every screen came back clear.
A 501(c)(3) on Publication 78 and the IRS master file.
- IRS nonprofit listing
- No issue
- Revocation
- None
- IRS files
- Agree
- Sanctions
- No match
- IRS bulletin
- No notice
- California
- No record
- Charity type
- 509(a)(1)
$3.8Mrevenue
FY2024 · −65% in 3 yrs4staff
8 of 8years filed
’17’18’19’20’21’22’23’24
Revenue and spendingRevenueSpendingDeficit
Against similar nonprofits FY2024
Operating margin−7.7%
Months of reserve18.9mo
Revenue growth (annualized)+24.3%
Middle half of peersMedianJersey City Economic Development
Where the money goes FY2024 · $4.1M spent
Programs$3.6M88%Management and general$488k12%990 FY2024 · Part IX line 25
Worth checking3
Government grants fell 84% in FY2022
$10M in FY2021, $1.7M in FY2022.
990 Part VIIIFederal awards stopped after FY2020
$550k in FY2020, none traced since.
USAspendingDeficits in 2 of the last 3 years
−$426k in FY2023 and −$294k in FY2024. Cash covers 18.9 months, above the peer median of 5.5.
990 Part I and balance sheetIn its favor2
Strong governance
10 of 10 board members independent. Conflict-of-interest and whistleblower policies, audited financial statements, board reviews the 990.
990 Part VIGrowing faster than peers
Revenue up 24% a year since FY2017, in the top quarter of similar nonprofits.
990 Part I · peer cohort15funders
$47ka year, last 3 years
54%from its largest funder
Funder’17’18’19’20’21’22’23Suez North America Foundation IncOn and off$50k$50k$50k$50kJpmorgan Chase FoundationOn and off$75k$76k$700Pga Tour IncOn and off$75kStar Lite Inc a NonprofitNew in FY2023$15kThe Bank of America Charitable Foundation IncOn and off$10kThe Hurley Family FoundationOn and off$5kDonor-advised giftsDonors not disclosed$216k4 other fundersUp to $15k a year each$16k$100
FundedThrough a donor-advised fund