Community Lending Partners of New Jersey Inc

Analysis

Community Lending Partners of New Jersey Inc is a registered charity in United States, based in New Brunswick, NJ. It received its IRS tax-exemption ruling in September 2002, 24 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Community Lending Partners of New Jersey Inc reported income of $1.1m and spending of $948k, spending 86% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.5m to $1.1m (-24%), an average of -6.7% a year. Over the whole period it spent 81% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Community Lending Partners of New Jersey Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within NJ. Charities of a similar size with the same main cause include Roslindale Senior Non Profit Housing Inc ($1.1m), Granville Place Inc ($1.1m) and Neighborhood Preservation Foundation Inc ($1.1m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $140k. At year end it held assets of $24.1m against liabilities of $21.8m, net assets of $2.3m.