Martin de Porres Village Inc

Analysis

Martin de Porres Village Inc is a registered charity in United States, based in Bloomfield, NJ. It received its IRS tax-exemption ruling in January 2022, 4 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, Martin de Porres Village Inc reported income of $3.4m and spending of $2.2m, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $3.4m (+22%), an average of +5.0% a year. Over the whole period it spent 72% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Martin de Porres Village Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NJ. Charities of a similar size with the same main cause include Community Teaching Homes Inc ($3.4m), Manor Care of Salmon Creek Wa Association ($3.4m) and Kivel Manor Inc ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 94% of the total. Other salaries and wages came to $373k. At year end it held assets of $9.9m against liabilities of $217k, net assets of $9.7m. It reported 7 employees.