Spectrum for Living Glen Rock Property Inc

Analysis

Spectrum for Living Glen Rock Property Inc is a registered charity in United States, based in River Vale, NJ. It received its IRS tax-exemption ruling in February 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, Spectrum for Living Glen Rock Property Inc reported income of $64k and spending of $96k, spending 150% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $59k to $64k (+9.0%), an average of +9.0% a year. Over the whole period it spent 133% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Spectrum for Living Glen Rock Property Inc sits at the 14th percentile: it is larger than about 14% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 32nd percentile within NJ. Charities of a similar size with the same main cause include Affordable Housing Community Services ($64k), Aunt Shugs Assisted Living Inc ($64k) and Community Apartments Corporation of Iredell County ($64k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 32% of the total. At year end it held assets of $371k against liabilities of $80k, net assets of $291k.