Affordable Housing of Metropolitan Edgewater Inc

Analysis

Affordable Housing of Metropolitan Edgewater Inc is a registered charity in United States, based in Edgewater, NJ. It received its IRS tax-exemption ruling in February 2004, 22 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Affordable Housing of Metropolitan Edgewater Inc reported income of $89k and spending of $69k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $84k to $89k (+5.6%), an average of +1.4% a year. Over the whole period it spent 76% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Affordable Housing of Metropolitan Edgewater Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 41st percentile within NJ. Charities of a similar size with the same main cause include Fuller Center for Housing Inc ($89k), QLS Haven Ltd ($89k) and High Street Homes Inc ($89k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. At year end it held assets of $1.2m against liabilities of $9,488, net assets of $1.2m.