Fort Lee Assistance and Support Housing Corporation

Analysis

Fort Lee Assistance and Support Housing Corporation is a registered charity in United States, based in Fort Lee, NJ. It received its IRS tax-exemption ruling in February 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Fort Lee Assistance and Support Housing Corporation reported income of $259k and spending of $248k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $95k to $259k (+174%), an average of +29% a year. The sharpest change came in the year to December 2020, when income rose by 126%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fort Lee Assistance and Support Housing Corporation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 65th percentile within NJ. Charities of a similar size with the same main cause include Harrisons Heroes ($259k), Peter Maurin Center of Akron ($259k) and Farm to Fight Hunger ($259k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $12k (4.8% of expenses). Other salaries and wages came to $6,528. At year end it held assets of $2.7m against liabilities of $1.8m, net assets of $993k. It reported 2 employees.