Homes for Veterans a NJ Non Profit Corporation

Analysis

Homes for Veterans a NJ Non Profit Corporation is a registered charity in United States, based in Harrington PK, NJ. It received its IRS tax-exemption ruling in August 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 September 2023, Homes for Veterans a NJ Non Profit Corporation reported income of $1.6m and spending of $1.6m, spending 101% of its income. Across the 5 years on record, from September 2018 to September 2023, income fell from $1.7m to $1.6m (-4.3%), an average of -1.1% a year. The sharpest change came in the year to September 2021, when income rose by 35%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Homes for Veterans a NJ Non Profit Corporation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within NJ. Charities of a similar size with the same main cause include Open Door Ministries of High Point Inc ($1.6m), Life House Womens Shelter ($1.6m) and Hill House Inc ($1.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $67k (4.1% of expenses). It paid $104k in professional fundraising fees. At year end it held assets of $591k against liabilities of $344k, net assets of $247k. It reported 2 employees.