Housing Initiatives of Princeton Charitable TR

Analysis

Housing Initiatives of Princeton Charitable TR is a registered charity in United States, based in Princeton, NJ. It received its IRS tax-exemption ruling in February 2012, 14 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, Housing Initiatives of Princeton Charitable TR reported income of $392k and spending of $388k, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $221k to $392k (+77%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 106%. Over the whole period it spent 76% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Initiatives of Princeton Charitable TR sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 72nd percentile within NJ. Charities of a similar size with the same main cause include Riese St Gerard Housing Corp ($392k), Wyandot Senior Village Inc ($392k) and Arkansas Community Institute ($392k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 5.8% of the total. Compensation of current officers, directors and key employees was $61k (16% of expenses). At year end it held assets of $740k against liabilities of $144k, net assets of $596k.