Church Street Corporation

Analysis

Church Street Corporation is a registered charity in United States, based in Keansburg, NJ. It received its IRS tax-exemption ruling in June 2015, 11 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending February 2024, Church Street Corporation reported income of $2.0m and spending of $2.1m, spending 107% of what it took in. Across the 5 years on record, from February 2020 to February 2024, income grew from $1.7m to $2.0m (+12%), an average of +2.9% a year. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Church Street Corporation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within NJ. Charities of a similar size with the same main cause include Genesis Residential ($2.0m), Herbert L Brooks Housing Development Fund Company Inc ($2.0m) and Presbyterian Towers Inc ($2.0m).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 67% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $100k (4.8% of expenses). Other salaries and wages came to $359k. At year end it held assets of $5.1m against liabilities of $1.1m, net assets of $4.0m. It reported 8 employees.