Penns Grove Carneys Point S a C C Inc

Analysis

Penns Grove Carneys Point S a C C Inc is a registered charity in United States, based in Carneys Point, NJ. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2024, Penns Grove Carneys Point S a C C Inc reported income of $187k and spending of $123k, leaving 34% of income unspent that year. Across the 2 years on record, from June 2022 to June 2024, income grew from $128k to $187k (+46%), an average of +46% a year. The sharpest change came in the year to June 2024, when income rose by 46%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Penns Grove Carneys Point S a C C Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 59th percentile within NJ. Charities of a similar size with the same main cause include Long Beach Martin Luther King Center Inc ($187k), Victoria Acres Equine Facility Inc ($187k) and Giving Gardens Inc ($187k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $11k (8.7% of expenses). At year end it held assets of $165k against liabilities of $0, net assets of $165k. It reported 14 employees.