Sussex Seniors Urban Renewal Affordable Housing Non-Profit

Analysis

Sussex Seniors Urban Renewal Affordable Housing Non-Profit is a registered charity in United States, based in Phillipsburg, NJ. It received its IRS tax-exemption ruling in June 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Seniors Urban Renewal Affordable Housing Non-Profit reported income of $119k and spending of $145k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $63k to $119k (+89%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 50%. Over the whole period it spent 134% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sussex Seniors Urban Renewal Affordable Housing Non-Profit sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 49th percentile within NJ. Charities of a similar size with the same main cause include Carolina for the Kids Foundation ($119k), Community Resource Connections ($119k) and CCS Connect Community Services ($119k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $1,985. At year end it held assets of $437k against liabilities of $97k, net assets of $340k.

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.