South Shore Village II Leased Housing Corporation

Analysis

South Shore Village II Leased Housing Corporation is a registered charity in United States, based in Bayonne, NJ. It received its IRS tax-exemption ruling in November 1995, 31 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3).

In the financial year ending August 2023, South Shore Village II Leased Housing Corporation reported income of $55k and spending of $0, leaving 100% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income fell from $174k to $55k (-69%), an average of -25% a year. The sharpest change came in the year to August 2022, when income dropped by 100%. Over the whole period it spent 14% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, South Shore Village II Leased Housing Corporation sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 28th percentile within NJ. Charities of a similar size with the same main cause include Oxford School District Foundation ($54k), Appleton Macdowell Male Chorus Inc ($55k) and Education Equity Fund NFP ($54k).

At year end it held assets of $8.9m against liabilities of $52k, net assets of $8.8m.