North Brunswick Housing Corp

Analysis

North Brunswick Housing Corp is a registered charity in United States, based in Lambertville, NJ. It received its IRS tax-exemption ruling in January 1993, 33 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, North Brunswick Housing Corp reported income of $1.9m and spending of $1.5m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $19k to $1.9m (+10099%), an average of +218% a year. The sharpest change came in the year to December 2022, when income rose by 269758%. Over the whole period it spent 74% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, North Brunswick Housing Corp sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within NJ. Charities of a similar size with the same main cause include Housing and Economic Concepts Inc ($1.9m), Habitat for Humanity International Inc ($1.9m) and Edgewood Senior Solutions Group Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 88% of the total. Other salaries and wages came to $312k. At year end it held assets of $7.1m against liabilities of $3.0m, net assets of $4.1m.