Community Asset Preservation Corporation

Analysis

Community Asset Preservation Corporation is a registered charity in United States, based in New Brunswick, NJ. It received its IRS tax-exemption ruling in April 2017, 9 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 September 2023, Community Asset Preservation Corporation reported income of $4.3m and spending of $5.9m, spending 138% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $4.5m to $4.3m (-4.6%), an average of -1.2% a year. The sharpest change came in the year to September 2021, when income rose by 61%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Community Asset Preservation Corporation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NJ. Charities of a similar size with the same main cause include Christ Church Harbor Apt Inc ($4.3m), Grand Forks Homes Inc ($4.3m) and Gates Senior Housing Inc ($4.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 115% and program service revenue 15% of the total. Other salaries and wages came to $3.1m. At year end it held assets of $80.4m against liabilities of $76.3m, net assets of $4.1m.