Choice Housing Corp

Analysis

Choice Housing Corp is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in September 2014, 12 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, Choice Housing Corp reported income of $146k and spending of $133k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $154k to $146k (-5.1%), an average of -1.3% a year. Over the whole period it spent 86% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Choice Housing Corp sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 54th percentile within NJ. Charities of a similar size with the same main cause include Totus Tuus Foundation ($146k), Kleeman Village Housing Corporation NFP ($146k) and Shady Acres Independent Living for Mentally Challenged Adults Inc ($146k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $2.1m against liabilities of $1.8m, net assets of $314k.