Pequannock Township Senior Citizens Housing Corp

Analysis

Pequannock Township Senior Citizens Housing Corp is a registered charity in United States, based in Pequannock, NJ. It received its IRS tax-exemption ruling in April 1979, 47 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, Pequannock Township Senior Citizens Housing Corp reported income of $2.4m and spending of $2.2m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.4m (+32%), an average of +7.2% a year. The sharpest change came in the year to December 2020, when income rose by 19%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pequannock Township Senior Citizens Housing Corp sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within NJ. Charities of a similar size with the same main cause include J R Coleman Family Services Corp ($2.4m), St Andrew Bay Center Inc ($2.4m) and Hoy Recovery Program Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 49% of the total. Other salaries and wages came to $159k. At year end it held assets of $16.0m against liabilities of $197k, net assets of $15.8m. It reported 5 employees.