Pitman Manor Inc

Analysis

Pitman Manor Inc is a registered charity in United States, based in Neptune, NJ. It received its IRS tax-exemption ruling in November 1993, 33 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, Pitman Manor Inc reported income of $15.3m and spending of $18.1m, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.9m to $15.3m (+3.0%), an average of +0.8% a year. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pitman Manor Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NJ. Charities of a similar size with the same main cause include Siena Francis House ($15.2m), CHCC CCRC ($15.4m) and Indianapolis Neighborhood Housing Partnership Inc ($15.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% and program service revenue 100% of the total. Other salaries and wages came to $8.8m. At year end it held assets of $5.2m against liabilities of $5.9m, net assets of -$644k. It reported 211 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.