Hoboken World War Veterans Holding

Analysis

Hoboken World War Veterans Holding is a registered charity in United States, based in Hoboken, NJ. It received its IRS tax-exemption ruling in April 2020, 6 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, Hoboken World War Veterans Holding reported income of $115k and spending of $78k, leaving 32% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $616k to $115k (-81%), an average of -34% a year. The sharpest change came in the year to June 2021, when income rose by 513%. Over the whole period it spent 36% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hoboken World War Veterans Holding sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 48th percentile within NJ. Charities of a similar size with the same main cause include Palacio Del Sol II Inc ($115k), Hope Center of Rutherford County Inc ($115k) and Ennio Cerquetti Memorial Development Corporation ($115k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 142% of the total. It paid $28k in professional fundraising fees. At year end it held assets of $3.3m against liabilities of $2.2m, net assets of $1.1m.