Partner Perth Amboy Redevelopment Team for Neighborhood Enterprise

Analysis

Partner Perth Amboy Redevelopment Team for Neighborhood Enterprise is a registered charity in United States, based in Perth Amboy, NJ. It received its IRS tax-exemption ruling in March 2003, 23 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, Partner Perth Amboy Redevelopment Team for Neighborhood Enterprise reported income of $2.1m and spending of $2.1m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $2.1m (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2022, when income rose by 29%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Partner Perth Amboy Redevelopment Team for Neighborhood Enterprise sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within NJ. Charities of a similar size with the same main cause include Linden Knoll Inc ($2.1m), Nicholas House Inc ($2.1m) and El Barrios Operation Fight Back Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.6% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $35k (1.7% of expenses). Other salaries and wages came to $717k. At year end it held assets of $2.4m against liabilities of $545k, net assets of $1.8m. It reported 22 employees.