Homes Now Tudor Village Project Inc

Analysis

Homes Now Tudor Village Project Inc is a registered charity in United States, based in Brick, NJ. It received its IRS tax-exemption ruling in January 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Homes Now Tudor Village Project Inc reported income of $167k and spending of $250k, spending 150% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $152k to $167k (+9.7%), an average of +2.3% a year. The sharpest change came in the year to December 2021, when income rose by 15%. Over the whole period it spent 158% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Homes Now Tudor Village Project Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 57th percentile within NJ. Charities of a similar size with the same main cause include Bags of Faith Inc ($167k), Childrens Lantern Inc ($167k) and Women to Women ($167k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. At year end it held assets of $2.0m against liabilities of $1.3m, net assets of $701k.

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.