Kearny Senior Residence Inc

Analysis

Kearny Senior Residence Inc is a registered charity in United States, based in Bloomfield, NJ. It received its IRS tax-exemption ruling in May 2003, 23 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kearny Senior Residence Inc reported income of $499k and spending of $669k, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $438k to $499k (+14%), an average of +3.3% a year. Over the whole period it spent 136% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Kearny Senior Residence Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 75th percentile within NJ. Charities of a similar size with the same main cause include Homeward Bound in Puyallup ($499k), St Margaret Inc ($499k) and Caritas Housing Corporation ($499k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $108k. At year end it held assets of $4.0m against liabilities of $172k, net assets of $3.8m. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.