Allendale Housing Inc

Analysis

Allendale Housing Inc is a registered charity in United States, based in Allendale, 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, Allendale Housing Inc reported income of $458k and spending of $514k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $363k to $458k (+26%), an average of +6.0% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 123% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Allendale Housing Inc 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 69th percentile, and in the 74th percentile within NJ. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($458k), Ahepa-Penelope 38 Apartments Inc ($458k) and Hope Place Housing Corporation ($458k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. At year end it held assets of $8.3m against liabilities of $6.7m, net assets of $1.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.