Greater Newark Housing Partnership Inc

Analysis

Greater Newark Housing Partnership Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in May 2009, 17 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 December 2023, Greater Newark Housing Partnership Inc reported income of $64k and spending of $20k, leaving 69% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $68k to $64k (-7.1%), an average of -1.8% a year. The sharpest change came in the year to December 2023, when income rose by 90%. Over the whole period it spent 54% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Greater Newark Housing Partnership Inc sits at the 14th percentile: it is larger than about 14% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 32nd percentile within NJ. Charities of a similar size with the same main cause include Haven Housing Inc ($64k), Make It Count Foundation Inc ($64k) and Westside Affordable Housing Inc ($63k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. At year end it held assets of $2.0m against liabilities of $2.2m, net assets of -$245k.