DEMOGRAPHIC
ADDRESS
111 MULBERRY STREET LL
07102
COUNTY
essex county, NJ
IN CARE OF NAME
KEVIN SEAWRIGHT
ORGANIZATIONAL OVERVIEW & RANKINGS
INVEST NEWARK is a based in NEWARK, NJ, focused on Community Improvement, Capacity Building causes , specifically Economic Development. Established in April 2008, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $20,248,135.00, this ranks 35,990 among 2,656,690 nonprofits nationally (Top 2%), demonstrating exceptional financial capacity relative to its peers. At the state level, it stands at 812 out of 72,131 organizations in NJ (Top 2%).
In essex county, NJ, the organization ranks 109 out of 7,742 nonprofits by assets (Top 2%), while locally in newark, it stands at 45 among 2,319 organizations (Top 2%).
The organization reported annual revenue of $6,698,200.00, ranking 39,755 nationally (Top 2%) and 1,027 in NJ (Top 2%).
Within its specific NTEE classification (S30 - S: Community Improvement, Capacity Building), which includes 4,887 similar organizations, INVEST NEWARK ranks 75 in assets (Top 2%) and 71 in revenue (Top 2%).
The organization files a 990 (all other) or 990EZ return and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
S: Community Improvement, Capacity Building
NTEE CODE
S30: Economic Development
FOUNDATION CODE
15: Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
TAX PERIOD
12/2022
ACCOUNTING PERIOD
12
INCOME CODE
7: $5,000,000 to $9,999,999
INCOME AMOUNT
$7,723,799.00
FORM 990 REVENUE AMOUNT
$6,698,200.00
RULING DATE
04/2008
ASSET CODE
8: $10,000,000 to $49,999,999
ASSET AMOUNT
$20,248,135.00
FILING REQUIREMENT CODE
990 (all other) or 990EZ return
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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