Spectrum Haworth Home Inc

Analysis

Spectrum Haworth Home Inc is a registered charity in United States, based in River Vale, NJ. It received its IRS tax-exemption ruling in September 1994, 32 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, Spectrum Haworth Home Inc reported income of $70k and spending of $105k, spending 150% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $69k to $70k (+1.7%), an average of +0.6% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 107% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Spectrum Haworth Home Inc sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 35th percentile within NJ. Charities of a similar size with the same main cause include Haymaker Development Group ($70k), Hopeful Solution ($70k) and Singing River Services Group Home ($70k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 37% of the total. At year end it held assets of $507k against liabilities of $53k, net assets of $453k.