Lincroft Senior Citizens Housing Corp Gage Management Corp

Analysis

Lincroft Senior Citizens Housing Corp Gage Management Corp is a registered charity in United States, based in Lincroft, NJ. It received its IRS tax-exemption ruling in October 1977, 49 years ago. 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, Lincroft Senior Citizens Housing Corp Gage Management Corp reported income of $4.1m and spending of $2.9m, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.0m to $4.1m (+39%), an average of +8.6% a year. The sharpest change came in the year to December 2020, when income rose by 17%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lincroft Senior Citizens Housing Corp Gage Management Corp sits at the 91st percentile: it is larger than about 91% 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 Duwamish Tribal Services ($4.1m), Piedmont Academy Inc ($4.1m) and Boy Scouts of America ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 91% of the total. Other salaries and wages came to $395k. At year end it held assets of $22.5m against liabilities of $706k, net assets of $21.8m. It reported 11 employees.