Saint Clare Homes Property Inc a New Jersey Nonprofit Corporation

Analysis

Saint Clare Homes Property Inc a New Jersey Nonprofit Corporation is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in February 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Saint Clare Homes Property Inc a New Jersey Nonprofit Corporation reported income of $1.3m and spending of $1.6m, spending 124% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $1.3m (+3.5%), an average of +0.9% a year. Over the whole period it spent 119% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Saint Clare Homes Property Inc a New Jersey Nonprofit Corporation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within NJ. Charities of a similar size with the same main cause include Empowerment of Florida Inc ($1.3m), B I G Love Cancer Care Services ($1.3m) and Native American Community Board ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $285k. At year end it held assets of $5.9m against liabilities of $3.7m, net assets of $2.2m.