Somerset Treatment Services Inc

Analysis

Somerset Treatment Services Inc is a registered charity in United States, based in Somerville, NJ. It received its IRS tax-exemption ruling in March 1985, 41 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Somerset Treatment Services Inc reported income of $1.3m and spending of $1.3m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.7m to $1.3m (-24%), an average of -6.5% a year. The sharpest change came in the year to June 2021, when income dropped by 19%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Somerset Treatment Services Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within NJ. Charities of a similar size with the same main cause include Central Pennsylvania Clinic - a Medical Home for Special Children ($1.3m), VNSW Foundation Inc ($1.3m) and Rolla Pregnancy Resource Center ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 43% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $131k (10% of expenses). Other salaries and wages came to $583k. At year end it held assets of $979k against liabilities of $240k, net assets of $739k. It reported 20 employees.