The Center for Great Expectations Inc

Analysis

The Center for Great Expectations Inc is a registered charity in United States, based in Somerset, NJ. It received its IRS tax-exemption ruling in May 2009, 17 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 December 2023, The Center for Great Expectations Inc reported income of $8.8m and spending of $8.4m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.0m to $8.8m (+24%), an average of +5.6% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Center for Great Expectations Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within NJ. Charities of a similar size with the same main cause include Heritage Human Services Inc ($8.8m), The Open Door ($8.8m) and Spectrum Inc ($8.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $604k (7.2% of expenses). Other salaries and wages came to $4.5m. At year end it held assets of $11.0m against liabilities of $3.6m, net assets of $7.4m. It reported 129 employees.