Senior Citizen Housing Corporation of Scotch Plains

Analysis

Senior Citizen Housing Corporation of Scotch Plains is a registered charity in United States, based in Princeton, NJ. It received its IRS tax-exemption ruling in June 1991, 35 years ago. 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, Senior Citizen Housing Corporation of Scotch Plains reported income of $1.2m and spending of $1.1m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.2m (+10%), an average of +2.5% a year. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Senior Citizen Housing Corporation of Scotch Plains sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within NJ. Charities of a similar size with the same main cause include Helping Hands of Georgetown ($1.2m), Missionary Emergency Fund ($1.2m) and United Health Services of St Joseph County Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.3% and program service revenue 93% of the total. Other salaries and wages came to $103k. At year end it held assets of $2.3m against liabilities of $1.5m, net assets of $784k. It reported 5 employees.