Atlantic County Ilc Inc

Analysis

Atlantic County Ilc Inc is a registered charity in United States, based in Freehold, NJ. It received its IRS tax-exemption ruling in May 2000, 26 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, Atlantic County Ilc Inc reported income of $101k and spending of $99k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $69k to $101k (+47%), an average of +47% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Atlantic County Ilc Inc sits at the 23rd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 45th percentile within NJ. Charities of a similar size with the same main cause include Cedar Lake-Cherrywood Inc ($101k), Nexus for Affordable Housing Inc ($101k) and House of Loving Hands ($101k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 33% of the total. At year end it held assets of $216k against liabilities of $58k, net assets of $158k.