Allies Homes 2004 Inc

Analysis

Allies Homes 2004 Inc is a registered charity in United States, based in Hamilton, NJ. It received its IRS tax-exemption ruling in May 2006, 20 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 June 2023, Allies Homes 2004 Inc reported income of $62k and spending of $70k, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $136k to $62k (-54%), an average of -18% a year. The sharpest change came in the year to June 2020, when income dropped by 53%. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Allies Homes 2004 Inc sits at the 14th percentile: it is larger than about 14% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 32nd percentile within NJ. Charities of a similar size with the same main cause include Westfield Housing Corporation ($62k), Have a Heart ($62k) and Rivercrest Commons Housing Development Fund Company Inc ($62k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. Other salaries and wages came to $12k. At year end it held assets of $721k against liabilities of $879k, net assets of -$159k.

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.