Lakewood Tenants Organization Inc

Analysis

Lakewood Tenants Organization Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in August 1979, 47 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 (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, Lakewood Tenants Organization Inc reported income of $2.1m and spending of $3.2m, spending 152% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $2.1m (+63%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lakewood Tenants Organization Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within NJ. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($2.1m), Salisbury Housing Committee Inc ($2.1m) and Won by One to Jamaica ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $2.1m (67% of expenses). Other salaries and wages came to $595k. At year end it held assets of $3.2m against liabilities of $73k, net assets of $3.2m. It reported 17 employees.