Allies Homes Inc

Analysis

Allies Homes Inc is a registered charity in United States, based in Hamilton, NJ. It received its IRS tax-exemption ruling in December 2004, 22 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 June 2023, Allies Homes Inc reported income of $62k and spending of $77k, spending 125% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $169k to $62k (-64%), an average of -22% a year. The sharpest change came in the year to June 2020, when income dropped by 63%. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Allies Homes Inc sits at the 14th percentile: it is larger than about 14% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 31st percentile within NJ. Charities of a similar size with the same main cause include Monroe Manor Corporation ($62k), Carter Plains Foundation Inc ($62k) and Central Point Rotary Foundation ($62k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 54% of the total. Other salaries and wages came to $12k. At year end it held assets of $735k against liabilities of $802k, net assets of -$67k.

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.