Charity Search / DOWNTOWN CLIFTON ECONOMIC DEVELOPMENT GROUP INC
Community Improvement (S30) 990 on File

DOWNTOWN CLIFTON ECONOMIC DEVELOPMENT GROUP INC

EIN: 22-3607363 · CLIFTON, NJ 07015-1364 · United States · FY 2023 Data
2 out of 5 37 / 100 Based on 2+ years of filings
Financial strength (30%) 60/100
Reliability (20%) 55/100
Effectiveness (25%) 31/100
Impact (25%) No data yet
Financial data: FY 2023 · Scored 9/13/2026
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CharityAI™ Score
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Financial Overview — FY 2023
$118K
Total Revenue
$98K
Total Expenses
$87K
Net Assets
N/A
Employees
Revenue Sources
Program Expense Ratio 0.0%
Fundraising Efficiency N/A
Operating Reserve 10.61x
Liability-to-Asset 3.7%
Revenue Diversification 98.8%
Compared with Peers
FY 2023
Compared with 5,508 similar organizations (United States, Community Improvement, under $100K in expenses), FY 2023.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
0.0% 83.6%
P10P90
Bottom quarter
Operating reserve
Months of expenses covered by net assets · higher is better
10.6 mo 24.8 mo
P10P90
Below median
Liabilities to assets
Total liabilities / total assets · lower is better
3.7% 0.0%
P10P90
Bottom quarter
Revenue concentration
Share of revenue from the largest source · lower is better
98.8% 99.0%
P10P90
Above median
Revenue growth
Year over year revenue growth
2.3% -0.8%
P10P90
Expense growth
Year over year expense growth
-6.1% 0.0%
P10P90
Surplus margin
Surplus as a share of revenue
16.7% 11.9%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2023 $118K $98K $87K 0.0% —
2022 $115K $104K $67K 0.0% —
2021 $225K $112K N/A — 1
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Organization Details
EIN
22-3607363
State
NJ
City
CLIFTON
ZIP
07015-1364
Classification
S30
Category
Community Improvement
Rating
2★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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