Spectrum Paramus Home Inc

Analysis

Spectrum Paramus Home Inc is a registered charity in United States, based in River Vale, NJ. It received its IRS tax-exemption ruling in August 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 December 2023, Spectrum Paramus Home Inc reported income of $106k and spending of $74k, leaving 30% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $100k to $106k (+6.0%), an average of +6.0% a year. Over the whole period it spent 72% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Spectrum Paramus Home Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 46th percentile within NJ. Charities of a similar size with the same main cause include Taylor County Supportive Housing Inc ($105k), Ide Center Apartments I Inc ($106k) and Mission in Citrus Inc ($105k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. At year end it held assets of $108k against liabilities of $209k, net assets of -$101k.