Leased Housing Corporation of Secaucus New Jersey

Analysis

Leased Housing Corporation of Secaucus New Jersey is a registered charity in United States, based in Secaucus, NJ. It received its IRS tax-exemption ruling in July 1980, 46 years ago. 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 March 2023, Leased Housing Corporation of Secaucus New Jersey reported income of $347k and spending of $392k, spending 113% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income fell from $352k to $347k (-1.2%), an average of -0.3% a year. The sharpest change came in the year to March 2020, when income rose by 30%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Leased Housing Corporation of Secaucus New Jersey sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 70th percentile within NJ. Charities of a similar size with the same main cause include Friends of Fido ($347k), Milford Museum and Landmarks Commission Inc ($347k) and Windsor Historical Society of Windsor Conn Inc ($347k).

On its Form 990 for the period ending March 2023, revenue came from program service revenue 89% of the total. At year end it held assets of $3.8m against liabilities of $1.6m, net assets of $2.2m.

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.