Paco Housing Corporation I

Analysis

Paco Housing Corporation I is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in July 1977, 49 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 September 2023, Paco Housing Corporation I reported income of $1.0m and spending of $0, leaving 100% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $739k to $1.0m (+40%), an average of +8.8% a year. The sharpest change came in the year to September 2021, when income rose by 67%. Over the whole period it spent 0.0% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Paco Housing Corporation I sits at the 72nd percentile: it is larger than about 72% 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 PRG Inc ($1.0m), Alliance Apartments Housing Development Fund Co Inc ($1.0m) and Philly Seeds Inc ($1.0m).

At year end it held assets of $15.5m against liabilities of $1.3m, net assets of $14.2m. It reported 15 employees.