Apostles House

Analysis

Apostles House is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in December 1985, 41 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Apostles House reported income of $2.9m and spending of $2.7m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $2.9m (+23%), an average of +5.3% a year. The sharpest change came in the year to December 2022, when income rose by 26%. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Apostles House sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NJ. Charities of a similar size with the same main cause include Neighborhood Development Associates Inc ($2.9m), Guste Homes Resident Management Corporation ($2.9m) and Place ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $205k (7.7% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $4.8m against liabilities of $2.0m, net assets of $2.8m. It reported 70 employees.