Hoboken Family Alliance Inc

Analysis

Hoboken Family Alliance Inc is a registered charity in United States, based in Hoboken, NJ. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 May 2024, Hoboken Family Alliance Inc reported income of $138k and spending of $100k, leaving 27% of income unspent that year. Across the 2 years on record, from May 2023 to May 2024, income fell from $143k to $138k (-3.3%), an average of -3.3% a year. Over the whole period it spent 71% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hoboken Family Alliance Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 53rd percentile within NJ. Charities of a similar size with the same main cause include Childrens Center for Self-Esteem Inc ($138k), Hope for Humanity Inc ($138k) and The Plexus Education Foundation Inc ($138k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 34% and program service revenue 66% of the total. At year end it held assets of $142k against liabilities of $0, net assets of $142k.