Demarest Farms 2 Inc

Analysis

Demarest Farms 2 Inc is a registered charity in United States, based in Paramus, 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 December 2023, Demarest Farms 2 Inc reported income of $207k and spending of $198k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $111k to $207k (+86%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 70%. Over the whole period it spent 140% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Demarest Farms 2 Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 61st percentile within NJ. Charities of a similar size with the same main cause include Friends Apartment Homes Inc ($207k), Cass County Housing Corporation ($207k) and Hillside Apartments Phase II Inc ($207k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 21% of the total. At year end it held assets of $1.5m against liabilities of $140k, net assets of $1.4m.