Everas Community Services Inc

Analysis

Everas Community Services Inc is a registered charity in United States, based in Somerset, NJ. It received its IRS tax-exemption ruling in September 1983, 43 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 June 2023, Everas Community Services Inc reported income of $22.4m and spending of $20.8m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $18.4m to $22.4m (+22%), an average of +5.0% a year. The sharpest change came in the year to June 2020, when income rose by 19%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Everas Community Services Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NJ. Charities of a similar size with the same main cause include Granite State Independent Living ($22.3m), Commonwealth Catholic Charities ($22.4m) and Child Focus Inc ($22.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.1% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $741k (3.6% of expenses). Other salaries and wages came to $12.9m. At year end it held assets of $34.7m against liabilities of $7.4m, net assets of $27.2m. It reported 361 employees.