Apartments at Saint Elizabeth

Analysis

Apartments at Saint Elizabeth is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in April 2020, 6 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, Apartments at Saint Elizabeth reported income of $197k and spending of $265k, spending 135% of what it took in. Across the 4 years on record, from September 2020 to September 2023, income grew from $162k to $197k (+21%), an average of +6.7% a year. Over the whole period it spent 142% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Apartments at Saint Elizabeth sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 60th percentile within NJ. Charities of a similar size with the same main cause include Working in Senior Housing of South Cumminsville ($197k), Vesta Housing Inc ($197k) and The Genesis Mission Inc ($197k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $11k. At year end it held assets of $2.6m against liabilities of $81k, net assets of $2.6m. It reported 2 employees.

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.