Allaire Comm Farm a NJ Nonprofit Corporation

Analysis

Allaire Comm Farm a NJ Nonprofit Corporation is a registered charity in United States, based in Wall Township, NJ. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Allaire Comm Farm a NJ Nonprofit Corporation reported income of $2.3m and spending of $1.5m, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $397k to $2.3m (+470%), an average of +54% a year. The sharpest change came in the year to December 2021, when income rose by 207%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Allaire Comm Farm a NJ Nonprofit Corporation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within NJ. Charities of a similar size with the same main cause include Alcona County Commission on Aging ($2.3m), Capital Pride Alliance Incorporated ($2.3m) and Goodkids Village Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $10k (0.7% of expenses). Other salaries and wages came to $418k. At year end it held assets of $3.7m against liabilities of $0, net assets of $3.7m. It reported 28 employees.