Salt and Light Company Inc

Analysis

Salt and Light Company Inc is a registered charity in United States, based in Mt Holly, NJ. It received its IRS tax-exemption ruling in July 1986, 40 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 June 2023, Salt and Light Company Inc reported income of $3.3m and spending of $2.8m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.9m to $3.3m (+13%), an average of +3.0% a year. The sharpest change came in the year to June 2022, when income rose by 36%. Over the whole period it spent 78% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Salt and Light Company Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within NJ. Charities of a similar size with the same main cause include The Health Educational and Housing Facility Board of the City of Memp ($3.3m), Licking County Coalition for Housing ($3.3m) and Human Investment Project Inc ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $110k (3.9% of expenses). Other salaries and wages came to $735k. At year end it held assets of $12.0m against liabilities of $6.9m, net assets of $5.1m. It reported 22 employees.