Ormond Associates Inc

Analysis

Ormond Associates Inc is a registered charity in United States, based in Westampton, NJ. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ormond Associates Inc reported income of $71k and spending of $11k, leaving 84% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $56k to $71k (+28%), an average of +6.4% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 36% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ormond Associates Inc sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 35th percentile within NJ. Charities of a similar size with the same main cause include Elevare Community ($71k), Housing Help by John 3 16 ($71k) and Raimo Residence ($71k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 22% of the total. At year end it held assets of $826k against liabilities of $431k, net assets of $395k.