Safe & Sound Somerset Inc

Analysis

Safe & Sound Somerset Inc is a registered charity in United States, based in Somerville, NJ. It received its IRS tax-exemption ruling in June 1982, 44 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Safe & Sound Somerset Inc reported income of $3.2m and spending of $3.2m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $3.2m (+47%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 37%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Safe & Sound Somerset Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within NJ. Charities of a similar size with the same main cause include Dickinson Iron Community Services Agency ($3.2m), Bethesda Union Society of Savannah ($3.2m) and Children and Family Resource Services ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $134k (4.3% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $2.5m against liabilities of $557k, net assets of $1.9m. It reported 52 employees.