North 25 Housing Corporation

Analysis

North 25 Housing Corporation is a registered charity in United States, based in Trenton, NJ. It received its IRS tax-exemption ruling in December 1977, 49 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 December 2023, North 25 Housing Corporation reported income of $828k and spending of $264k, leaving 68% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $418k to $828k (+98%), an average of +19% a year. The sharpest change came in the year to December 2020, when income rose by 157%. Over the whole period it spent 22% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North 25 Housing Corporation 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 77th percentile, and in the 80th percentile within NJ. Charities of a similar size with the same main cause include Friends of the Columbia Gorge ($828k), Arc of Midland ($828k) and Thrive Housing Network ($828k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 95% of the total. At year end it held assets of $8.3m against liabilities of $1.1m, net assets of $7.2m.