Sussex Retirement Associates Inc

Analysis

Sussex Retirement Associates Inc is a registered charity in United States, based in Newton, NJ. It received its IRS tax-exemption ruling in July 1992, 34 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, Sussex Retirement Associates Inc reported income of $86k and spending of $84k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $84k to $86k (+2.0%), an average of +2.0% a year. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sussex Retirement Associates Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 41st percentile within NJ. Charities of a similar size with the same main cause include Westend Terzettos ($86k), NWC Corporation Hud 2 Inc ($86k) and Albany Area Housing Opportunities Inc ($86k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $285k against liabilities of $607k, net assets of -$322k.