NC Orange Senior Housing Corp

Analysis

NC Orange Senior Housing Corp is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in July 1999, 27 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 April 2024, NC Orange Senior Housing Corp reported income of $1.4m and spending of $1.5m, spending 104% of its income. Across the 5 years on record, from April 2020 to April 2024, income grew from $875k to $1.4m (+63%), an average of +13% a year. The sharpest change came in the year to April 2023, when income rose by 39%. Over the whole period it spent 116% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, NC Orange Senior Housing Corp sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within NJ. Charities of a similar size with the same main cause include LSS Foundation Inc ($1.4m), Nova-Ro Corporation ($1.4m) and MCH Inc ($1.4m).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 71% and program service revenue 29% of the total. Other salaries and wages came to $158k. At year end it held assets of $7.6m against liabilities of $726k, net assets of $6.8m.