Community Improvement
(S30)
IRS Verified
DX Registered
990 on File
ELIZABETH AVENUE PARTNERSHIP INC
Financial strength (30%)
86/100
Reliability (20%)
55/100
Effectiveness (25%)
78/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
The EAP is a 501 c3 Non-profit organization designated by the City of Elizabeth to manage the Elizabeth Special Improvement District (SID). The EAP's mission is to revitalize, enhance and improve all aspects of the Elizabeth Avenue Shopping District. The EAP is a community oriented organization that not only helps to support the local business community but its residents as well. The EAP sponsors many cultural events throughout the year with the support of various business and corporate partners benefiting both children and families.
Financial Overview — FY 2025
$283K
Total Revenue
$325K
Total Expenses
$302K
Net Assets
1
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
90.5%
Fundraising Efficiency
N/A
Operating Reserve
11.16x
Liability-to-Asset
5.5%
Revenue Diversification
95.2%
Executive Compensation
$94K
Compared with Peers
FY 2025
Compared with 2,137 similar organizations
(United States, Community Improvement, $100K–$1M in expenses), FY 2025.
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
|
90.5% | 84.4% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
9.5% | 12.7% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
11.2 mo | 11.1 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
5.5% | 2.2% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
95.2% | 91.6% |
P10P90
|
Below median |
|
Surplus margin
Surplus as a share of revenue
|
-14.8% | 2.7% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2025 | $283K | $325K | $302K | 90.5% | 1 |
| 2023 | $281K | $305K | $340K | 91.8% | 2 |
| 2022 | $279K | $283K | $363K | 94.0% | 3 |
| 2021 | $276K | $256K | N/A | — | 3 |
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