Foresight Affordable Housing Pennsville Inc

Analysis

Foresight Affordable Housing Pennsville Inc is a registered charity in United States, based in Egg HBR TWP, NJ. It received its IRS tax-exemption ruling in October 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Foresight Affordable Housing Pennsville Inc reported income of $1.6m and spending of $1.7m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.6m (+4.7%), an average of +1.2% a year. Over the whole period it spent 155% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Foresight Affordable Housing Pennsville Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within NJ. Charities of a similar size with the same main cause include Nebraska P E O Home ($1.6m), Genesis Housing Corporation ($1.6m) and High Street Uaw Senior Citizens Housing ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.8% and program service revenue 96% of the total. Other salaries and wages came to $240k. At year end it held assets of $2.6m against liabilities of $6.8m, net assets of -$4.2m.