South Brunswick Community Development Corporation

Analysis

South Brunswick Community Development Corporation is a registered charity in United States, based in Kendall Park, NJ. It received its IRS tax-exemption ruling in July 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, South Brunswick Community Development Corporation reported income of $1.2m and spending of $1.1m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $1.2m (-9.6%), an average of -2.5% a year. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, South Brunswick Community Development Corporation sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within NJ. Charities of a similar size with the same main cause include Springhill Housing Corporation ($1.2m), Ncba Housing Development Corporation of the District of Col ($1.2m) and Roseburg Resuce Mission Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.6% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $81k (7.3% of expenses). Other salaries and wages came to $238k. At year end it held assets of $5.8m against liabilities of $6.1m, net assets of -$257k. It reported 11 employees.