Start Easy Eagle Development Corp

Analysis

Start Easy Eagle Development Corp is a registered charity in United States, based in Pompton Plains, NJ. It received its IRS tax-exemption ruling in May 2008, 18 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 June 2023, Start Easy Eagle Development Corp reported income of $442k and spending of $693k, spending 157% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $449k to $442k (-1.6%), an average of -0.5% a year. The sharpest change came in the year to June 2021, when income rose by 50%. Over the whole period it spent 129% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Start Easy Eagle Development Corp sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 74th percentile within NJ. Charities of a similar size with the same main cause include Bolton Senior Housing Corporation ($442k), Gillette Apartments No 17 Inc ($442k) and Triad Properties ($442k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 39% of the total. At year end it held assets of $6.2m against liabilities of $6.4m, net assets of -$223k.