Adult Day Center of Somerset County Inc

Analysis

Adult Day Center of Somerset County Inc is a registered charity in United States, based in Bridgewater, NJ. It received its IRS tax-exemption ruling in April 1978, 48 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 December 2023, Adult Day Center of Somerset County Inc reported income of $1.1m and spending of $1.3m, spending 123% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $1.3m to $1.1m (-18%), an average of -3.8% a year. The sharpest change came in the year to December 2020, when income dropped by 27%. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Adult Day Center of Somerset County Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within NJ. Charities of a similar size with the same main cause include Benevolent House Child Placing Agency ($1.1m), Nuestra Casa ($1.1m) and Childrens Advocacy Alliance ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 22% of the total. Other salaries and wages came to $742k. At year end it held assets of $3.1m against liabilities of $2.8m, net assets of $328k. It reported 26 employees.