Town Clock Community Development Corporation Inc

Analysis

Town Clock Community Development Corporation Inc is a registered charity in United States, based in New Brunswick, NJ. It received its IRS tax-exemption ruling in March 2014, 12 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 December 2023, Town Clock Community Development Corporation Inc reported income of $310k and spending of $260k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $163k to $310k (+89%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 188%. Over the whole period it spent 77% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Town Clock Community Development Corporation Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 68th percentile within NJ. Charities of a similar size with the same main cause include Fair Share Foundation Inc ($309k), F a S T T Inc ($310k) and Chamberlain Affordable Housing Inc ($309k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% of the total. Compensation of current officers, directors and key employees was $75k (29% of expenses). Other salaries and wages came to $60k. At year end it held assets of $510k against liabilities of $24k, net assets of $486k. It reported 7 employees.