Edison Affordable Housing Inc

Analysis

Edison Affordable Housing Inc is a registered charity in United States, based in Edison, NJ. It received its IRS tax-exemption ruling in September 2004, 22 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 2024, Edison Affordable Housing Inc reported income of $72k and spending of $36k, leaving 50% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $55k to $72k (+31%), an average of +5.5% a year. The sharpest change came in the year to June 2020, when income rose by 141%. Over the whole period it spent 43% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Edison Affordable Housing Inc sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 36th percentile within NJ. Charities of a similar size with the same main cause include Larke Village Incorporated ($72k), Oakmont Gardens Inc ($72k) and Lagrange Troup County Homeless Coalition Inc ($72k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 87% of the total. At year end it held assets of $777k against liabilities of $35k, net assets of $742k.