Cranbury Housing Associates

Analysis

Cranbury Housing Associates is a registered charity in United States, based in Cranbury, NJ. It received its IRS tax-exemption ruling in March 1968, 58 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cranbury Housing Associates reported income of $1.2m and spending of $1.4m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.2m (+1.4%), an average of +0.4% a year. 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, Cranbury Housing Associates sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within NJ. Charities of a similar size with the same main cause include Noahs House ($1.2m), West Georgia Domestic Violence Shelter Inc ($1.2m) and DC Discipleship Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. At year end it held assets of $7.8m against liabilities of $4.1m, net assets of $3.7m.

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.