CPNJ Plainfield Residence II Inc

Analysis

CPNJ Plainfield Residence II Inc is a registered charity in United States, based in East Hanover, NJ. It received its IRS tax-exemption ruling in October 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 (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, CPNJ Plainfield Residence II Inc reported income of $207k and spending of $63k, leaving 69% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $25k to $207k (+738%), an average of +70% a year. The sharpest change came in the year to June 2023, when income rose by 482%. Over the whole period it spent 84% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, CPNJ Plainfield Residence II Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 61st percentile within NJ. Charities of a similar size with the same main cause include Owatonna Senior Housing Inc ($206k), Hillside Apartments Phase II Inc ($207k) and South St Lawrence Planning Corp ($206k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% and program service revenue 12% of the total. Other salaries and wages came to $4,286. At year end it held assets of $766k against liabilities of $29k, net assets of $737k.