Serv Centers of New Jersey Inc

Analysis

Serv Centers of New Jersey Inc is a registered charity in United States, based in Hamilton Township, NJ. It received its IRS tax-exemption ruling in February 1976, 50 years ago. 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, Serv Centers of New Jersey Inc reported income of $45.9m and spending of $42.7m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $42.7m to $45.9m (+7.4%), an average of +1.8% a year. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Serv Centers of New Jersey Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NJ. Charities of a similar size with the same main cause include LA Jolla Country Day School ($45.8m), South-West Community Health Center Inc ($45.9m) and Aware Inc ($45.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.3% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $828k (1.9% of expenses). Other salaries and wages came to $18.7m. At year end it held assets of $35.2m against liabilities of $6.2m, net assets of $29.0m. It reported 557 employees.