North Bergen Renaissance Corporation

Analysis

North Bergen Renaissance Corporation is a registered charity in United States, based in North Bergen, NJ. It received its IRS tax-exemption ruling in January 1999, 27 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, North Bergen Renaissance Corporation reported income of $585k and spending of $600k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $237k to $585k (+148%), an average of +25% a year. The sharpest change came in the year to December 2020, when income rose by 61%. Over the whole period it spent 127% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, North Bergen Renaissance Corporation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 77th percentile within NJ. Charities of a similar size with the same main cause include Greencastle of Loves Park Inc ($585k), Neighborhood Housing Services of Beloit Inc ($586k) and Creek Forest Apartments Inc ($585k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $384k. At year end it held assets of $439k against liabilities of $743k, net assets of -$304k. It reported 11 employees.

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.