High Park Gardens Cooperative Corp

Analysis

High Park Gardens Cooperative Corp is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in January 1984, 42 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, High Park Gardens Cooperative Corp reported income of $4.4m and spending of $4.1m, spending 93% of its income. Across the 5 years on record, from December 2016 to December 2023, income grew from $3.9m to $4.4m (+14%), an average of +3.3% a year. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, High Park Gardens Cooperative Corp sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NJ. Charities of a similar size with the same main cause include Sunrise Outreach Center of Yakima ($4.4m), Worthington Christian Village Congregate Care Inc ($4.4m) and Somaltow Housing Company Inc ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $979k. At year end it held assets of $6.3m against liabilities of $6.0m, net assets of $336k. It reported 29 employees.