Somerset County Park Foundation

Analysis

Somerset County Park Foundation is a registered charity in United States, based in North Branch, NJ. It received its IRS tax-exemption ruling in April 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, Somerset County Park Foundation reported income of $211k and spending of $138k, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $174k to $211k (+21%), an average of +4.8% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Somerset County Park Foundation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 62nd percentile within NJ. Charities of a similar size with the same main cause include Lepetit Theatre de Terrebonne ($211k), Little League Baseball Inc ($211k) and Wildlife Rescue Incorporated of Newmexico ($211k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% of the total. At year end it held assets of $628k against liabilities of $3,900, net assets of $624k.