CSCharityScored
87

Newark Downtown District Management Corporation

Community Development · Newark, New Jersey

58 Park Pl, Newark, NJ 07102-4306

EIN: 223646316· Founded: Feb 2000· 26 years active· Filing Year: 2023

Annual Revenue

$8.5M

Total Expenses

$6.6M

Total Assets

$10.3M

Program Spending

128%

of expenses go to programs

Compensation & Payroll

Total Officer Compensation

$270K

4.1% of total expenses

All officers, directors, and key employees combined

Other Salaries & Wages

$691K

Total Payroll

$961K

15% of total expenses

Where the Money Goes

100%
Programs: 100%
Payroll: 15%
Other overhead: -28%
Program Revenue$8.4M (98%)
Total Expenses$6.6M (77%)
Payroll$961K (15%)
Overhead (non-program)-28%

Trust Score Breakdown

Program Spending Ratio

128% of expenses go to programs

40%

Revenue & Stability

$8.5M annual revenue

15%

Executive Compensation

$270K total officer comp (4.1% of expenses)

20%

Filing Recency

Most recent filing: 2023

15%

Asset Strength

$10.3M in assets

10%

Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.