CSPNJ Homes 2006 Inc

Analysis

CSPNJ Homes 2006 Inc is a registered charity in United States, based in Freehold, NJ. It received its IRS tax-exemption ruling in May 2007, 19 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, CSPNJ Homes 2006 Inc reported income of $84k and spending of $75k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $54k to $84k (+56%), an average of +56% a year. The sharpest change came in the year to December 2023, when income rose by 56%. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, CSPNJ Homes 2006 Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 40th percentile within NJ. Charities of a similar size with the same main cause include LSS Housing Mill Road Inc ($84k), Open Heart Community Care Services Inc ($84k) and Azalea Terrace Inc ($84k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 14% of the total. At year end it held assets of $936k against liabilities of $64k, net assets of $872k.