Spectrum Maywood Home Inc

Analysis

Spectrum Maywood 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 Maywood Home Inc reported income of $74k and spending of $86k, spending 117% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income grew from $69k to $74k (+7.6%), an average of +3.7% a year. Over the whole period it spent 118% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Spectrum Maywood Home Inc sits at the 17th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 36th percentile within NJ. Charities of a similar size with the same main cause include Memorial Home Endowment Foundation ($74k), RCCC Villa ($74k) and Riverton Tenant Association Inc ($74k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 36% of the total. At year end it held assets of $458k against liabilities of $41k, net assets of $417k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.