Cranford Housing Board Inc

Analysis

Cranford Housing Board Inc is a registered charity in United States, based in Cranford, NJ. It received its IRS tax-exemption ruling in March 1976, 50 years ago. 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, Cranford Housing Board Inc reported income of $499k and spending of $422k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $437k to $499k (+14%), an average of +3.3% a year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cranford Housing Board Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 75th percentile within NJ. Charities of a similar size with the same main cause include Caritas Plaza ($499k), Auburn Youth & Family Services Inc ($499k) and On Drugs Inc ($499k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $66k (16% of expenses). Other salaries and wages came to $44k. At year end it held assets of $2.4m against liabilities of $84k, net assets of $2.3m.