Carneys Point Inc

Analysis

Carneys Point Inc is a registered charity in United States, based in Carneys Point, NJ. It received its IRS tax-exemption ruling in September 1979, 47 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 December 2023, Carneys Point Inc reported income of $1.1m and spending of $917k, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $980k to $1.1m (+17%), an average of +4.1% a year. Over the whole period it spent 80% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Carneys Point Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within NJ. Charities of a similar size with the same main cause include Presbyterian Village at North Church Inc ($1.1m), Mapes Boulevard H D F C Corp ($1.1m) and Caritas Community Housing Corporation ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% of the total. Other salaries and wages came to $256k. At year end it held assets of $3.6m against liabilities of $485k, net assets of $3.2m. It reported 5 employees.