Eatontown Senior Housing Corporatio

Analysis

Eatontown Senior Housing Corporatio is a registered charity in United States, based in Princeton, 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 May 2023, Eatontown Senior Housing Corporatio reported income of $4.0m and spending of $2.3m, leaving 41% of income unspent that year. Across the 5 years on record, from May 2019 to May 2023, income grew from $2.4m to $4.0m (+65%), an average of +13% a year. The sharpest change came in the year to May 2022, when income rose by 35%. Over the whole period it spent 67% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Eatontown Senior Housing Corporatio sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NJ. Charities of a similar size with the same main cause include Carmel Hills Retirement Comm ($4.0m), Meadows in Irvine ($4.0m) and Baptist Health Enriched Housing Program Inc ($4.0m).

On its Form 990 for the period ending May 2023, revenue came from program service revenue 93% of the total. Other salaries and wages came to $350k. At year end it held assets of $16.1m against liabilities of $301k, net assets of $15.8m. It reported 9 employees.