The Somerset Patriots Childrens Educational and Sportmanship

Analysis

The Somerset Patriots Childrens Educational and Sportmanship is a registered charity in United States, based in Bridgewater, NJ. It received its IRS tax-exemption ruling in August 2005, 21 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, The Somerset Patriots Childrens Educational and Sportmanship reported income of $137k and spending of $112k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $169k to $137k (-19%), an average of -5.0% a year. The sharpest change came in the year to December 2021, when income rose by 3288%. Over the whole period it spent 89% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Somerset Patriots Childrens Educational and Sportmanship sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 53rd percentile within NJ. Charities of a similar size with the same main cause include Wishes on Wheels Inc ($137k), SHC Foundation ($137k) and Magic City Bar Association ($137k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% of the total. At year end it held assets of $119k against liabilities of $12k, net assets of $106k.