New Community Roseville Towers Housing Corp

Analysis

New Community Roseville Towers Housing Corp is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in March 1980, 46 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, New Community Roseville Towers Housing Corp reported income of $327k and spending of $295k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $315k to $327k (+3.8%), an average of +0.9% a year. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Community Roseville Towers Housing Corp sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 69th percentile within NJ. Charities of a similar size with the same main cause include Davey Obrien Educational & Charitable Trust ($327k), Nova Arts Foundation Inc ($327k) and Society for Cryobiology Inc ($327k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 92% of the total. At year end it held assets of $1.7m against liabilities of $2.7m, net assets of -$1.0m.