Somerville Home & School Association a NJ Non-Profit

Analysis

Somerville Home & School Association a NJ Non-Profit is a registered charity in United States, based in Ridgewood, NJ. It received its IRS tax-exemption ruling in August 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Somerville Home & School Association a NJ Non-Profit reported income of $117k and spending of $145k, spending 123% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $84k to $117k (+39%), an average of +40% a year. The sharpest change came in the year to June 2023, when income rose by 39%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Somerville Home & School Association a NJ Non-Profit sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 49th percentile within NJ. Charities of a similar size with the same main cause include North Kingstown Free Library Corp ($117k), Mt Pleasant Isd School Foundation ($117k) and Kawaihae Canoe Club ($117k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 20% of the total. At year end it held assets of $80k against liabilities of $0, net assets of $80k.