Family & Community Services of Somerset County

Analysis

Family & Community Services of Somerset County is a registered charity in United States, based in Bound Brook, NJ. It received its IRS tax-exemption ruling in September 1951, 75 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 June 2023, Family & Community Services of Somerset County reported income of $769k and spending of $867k, spending 113% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $828k to $769k (-7.1%), an average of -2.4% a year. The sharpest change came in the year to June 2022, when income rose by 45%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family & Community Services of Somerset County sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within NJ. Charities of a similar size with the same main cause include Zomi Innkuan USA Inc ($769k), Bridges of Norman Inc ($769k) and Twelve Step Education Program of New England Inc ($769k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 34% and program service revenue 62% of the total. Other salaries and wages came to $683k. At year end it held assets of $335k against liabilities of $36k, net assets of $299k. It reported 23 employees.