Invest Newark
Public records show a registered, tax-exempt organization in good standing.
What it says it does
INVEST NEWARK FACILITATED SMALL BUSINESS LOANS AND EXPANDED AN INITIATIVE TO GIVE SMALL AND MINORITY BUSINESSES MORE ACCESS TO CREDIT, CONTRACTING OPPORTUNITIES AND TECHNICAL ASSISTANCE TO PROMOTE SMALL MINORITY BUSINESS DEVELOPMENT.INVEST NEWARK ALSO IS PROMOTING HOME OWNERSHIP THROUGH ITS LAND BANK AND THE REAL ESTATE PROGRAMS.
- Income
- $10.3 million
- Spending
- $8.7 million
- Spent on programs
- 72%
- Reserves
- 13.3 months of spending
- Largest source of income
- government grants, 59%
- Employees
- 24
- Volunteers
- 0
- Highest pay
- $242,995, president & ceo
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 81 out of 100. Higher than 69% of charities in its peer group (community improvement, $10m to $100m).
Reserves
35 of 35Spendable reserves would cover 13.3 months of spending.
Debt
16 of 20It owes 29% of what it owns.
Living within its means
15 of 15Income exceeded spending by 15% of income.
Income trend
0 of 15Income fell 37% on the year before.
Spending floor
15 of 1572% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 100 out of 100. Higher than 42% of charities in its peer group (community improvement, $10m to $100m).
Independent board
25 of 257 of 7 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (2)
- $1.1 million spent. SMALL MINORITY BUSINESS DEV/INVESTMENTS & LENDING: INVEST NEWARK FACILITATED SMALL BUSINESS LOANS AND EXPANDED AN INITIATIVE TO GIVE SMALL AND MINORITY BUSINESSES MORE ACCESS TO CREDIT, CONTRACTING OPPORTUNITIES AND TECHNICAL ASSISTANCE TO PROMOTE SMALL MINORITY BUSINESS DEVEOPMENT.
- $1.8 million spent. REAL ESTATE DEV/LAND BANK: THE AGENCY HELPED BOTH DEVELOPERS AND BUSINESSES ACCESS NEWARK'S VAST DEVELOPMENT OPPORTUNITIES BY ASSISTING WITH A WIDE RANGE OF SERVICES INCLUDING SITE SELECTION, PERMITTING, APPROVALS, AND FINANCING. ADDITIONALLY, THE AGENCY MANAGED REAL ESTATE PROJECTS ON BEHALF OF THE CITY SUCH AS THE NEWARK RIVERFRONT PARK PROJECT.IN JULY 2019, THE STATE OF NEW JERSEY PASSED AN ACT (P.L.2019, C.159 (C.40A:12A-74 ET SEQ.) KNOWN AS THE "NEW JERSEY LAND BANK LAW." IN THE MONTH OF APRIL 2020, THE CITY COUNCIL OF THE CITY OF NEWARK PASSED ORDINANCE 18:15:1 ESTABLISHMENT OF LAND BANK. AS A RESULT OF THE PASSAGE OF THESE TWO PIECES OF LEGISLATION, THE CITY OF NEWARK AND INVEST NEWARK ENTERED INTO A LAND BANK AGREEMENT, WHICH DESIGNATED INVEST NEWARK AS THE LAND BANK ENTITY. INVEST NEWARK OPERATES THE NEWARK LAND BANK THAT WILL STRATEGICALLY ACQUIRE, MAINTAIN, AND REPURPOSE VACANT, ABANDONED, AND FORECLOSED PROPERTIES, AND EFFICIENTLY RETURN THEM TO PRODUCTIVE USE IN ORDER TO BOOST HOMEOWNERSHIP; REDUCE BLIGHT; INCREASE MWBE DEVELOPER OR SUBCONTRACTOR CAPACITY; INCREASE PROPERTY VALUES AND IMPROVE THE QUALITY OF LIFE FOR NEWARK RESIDENTS.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since April 2008.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.