Friends of Somerset County Youth Inc

Analysis

Friends of Somerset County Youth Inc is a registered charity in United States, based in Bridgewater, NJ. It received its IRS tax-exemption ruling in June 1985, 41 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 December 2023, Friends of Somerset County Youth Inc reported income of $84k and spending of $93k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $82k to $84k (+1.9%), an average of +1.9% a year. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Somerset County Youth Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 40th percentile within NJ. Charities of a similar size with the same main cause include Virginia Congress of Parents and Teachers ($84k), Gila Community Food Bank ($84k) and Merchants and Drovers Tavern Museum Association Inc ($84k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $132k against liabilities of $0, net assets of $132k.