Jewish Federation of Somerset County

Analysis

Jewish Federation of Somerset County is a registered charity in United States, based in Bridgewater, NJ. It received its IRS tax-exemption ruling in November 1983, 43 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, Jewish Federation of Somerset County reported income of $965k and spending of $791k, spending 82% of its income. The sharpest change came in the year to December 2021, when income rose by 66%. Over the whole period it spent 106% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Jewish Federation of Somerset County sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 82nd percentile within NJ. Charities of a similar size with the same main cause include Beaver Dam Scholarship Foundation I ($965k), Jazz Foundation of America Inc ($966k) and Telecompioneers Charitable Foundation ($964k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $101k (13% of expenses). Other salaries and wages came to $168k. At year end it held assets of $1.9m against liabilities of $195k, net assets of $1.7m. It reported 9 employees.