Serv Foundation Inc

Analysis

Serv Foundation Inc is a registered charity in United States, based in Hamilton, NJ. It received its IRS tax-exemption ruling in April 1994, 32 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, Serv Foundation Inc reported income of $3.3m and spending of $3.6m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $655k to $3.3m (+397%), an average of +49% a year. The sharpest change came in the year to June 2023, when income rose by 859%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Serv Foundation 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 Pettengill House ($3.3m), California Veterans Assistance Foundation Inc ($3.3m) and Adoption Rhode Island ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $7,919 (0.2% of expenses). Other salaries and wages came to $155k. At year end it held assets of $4.4m against liabilities of $835k, net assets of $3.5m.