Allies Homes 2009 Inc

Analysis

Allies Homes 2009 Inc is a registered charity in United States, based in Hamilton, NJ. It received its IRS tax-exemption ruling in June 2011, 15 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, Allies Homes 2009 Inc reported income of $55k and spending of $114k, spending 207% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $66k to $55k (-17%), an average of -4.4% a year. The sharpest change came in the year to June 2020, when income rose by 314%. Over the whole period it spent 143% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Allies Homes 2009 Inc sits at the 12th percentile: it is larger than about 12% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 28th percentile within NJ. Charities of a similar size with the same main cause include Newbridge Housing I Inc ($55k), 2000 Open Doors ($55k) and MV Central Park Apartments Inc ($55k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% and program service revenue 47% of the total. Other salaries and wages came to $12k. At year end it held assets of $1.3m against liabilities of $1.3m, net assets of $6,725.

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.