United Methodist Homes of NJ Foundation Inc

Analysis

United Methodist Homes of NJ Foundation Inc is a registered charity in United States, based in Neptune, NJ. It received its IRS tax-exemption ruling in January 1986, 40 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, United Methodist Homes of NJ Foundation Inc reported income of $989k and spending of $968k, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.3m to $989k (-26%), an average of -7.3% a year. The sharpest change came in the year to June 2023, when income dropped by 43%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, United Methodist Homes of NJ Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 82nd percentile within NJ. Charities of a similar size with the same main cause include American Veterans Thrift Store Inc ($988k), Special Services Learning Center Inc ($989k) and Centro de Adiestramiento Para Personas Con Impedimentos Inc ($988k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 39% of the total. Other salaries and wages came to $305k. At year end it held assets of $12.0m against liabilities of $2.2m, net assets of $9.9m. It reported 4 employees.