Nine Wall Street Corp

Analysis

Nine Wall Street Corp is a registered charity in United States, based in Neptune, NJ. It received its IRS tax-exemption ruling in March 1995, 31 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 June 2023, Nine Wall Street Corp reported income of $1.1m and spending of $1.3m, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $1.1m (+11%), an average of +2.7% a year. Over the whole period it spent 120% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Nine Wall Street Corp sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within NJ. Charities of a similar size with the same main cause include Maple Grove Elderly Housing Corporation ($1.1m), Habitat for Humanity International Inc ($1.1m) and Bethesda Corp ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.0% and program service revenue 98% of the total. Other salaries and wages came to $304k. At year end it held assets of $3.8m against liabilities of $6.2m, net assets of -$2.4m. It reported 7 employees.

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.