South Amboy Renaissance Corporation

Analysis

South Amboy Renaissance Corporation is a registered charity in United States, based in South Amboy, NJ. It received its IRS tax-exemption ruling in May 2005, 21 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, South Amboy Renaissance Corporation reported income of $90k and spending of $16k, leaving 82% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $68k to $90k (+33%), an average of +7.4% a year. The sharpest change came in the year to June 2023, when income rose by 403%. Over the whole period it spent 60% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, South Amboy Renaissance Corporation sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 42nd percentile within NJ. Charities of a similar size with the same main cause include Philoxenia Charities ($90k), Capitol Crossing Senior Affordablehousing Inc ($90k) and NCCS - Housing Families First Nonprofit Housing Corporation ($90k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 95% of the total. At year end it held assets of $3.2m against liabilities of $1,711, net assets of $3.2m.