Home and School Association of Somerset Hills

Analysis

Home and School Association of Somerset Hills is a registered charity in United States, based in Bernardsville, NJ. It received its IRS tax-exemption ruling in July 1999, 27 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 2024, Home and School Association of Somerset Hills reported income of $83k and spending of $58k, leaving 30% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $72k to $83k (+16%), an average of +3.7% a year. The sharpest change came in the year to June 2024, when income rose by 30%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Home and School Association of Somerset Hills sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 39th percentile within NJ. Charities of a similar size with the same main cause include Ridgemoor Educational Foundation ($83k), PTA Texas Congress ($83k) and Hamilton Township Band Parents Inc ($83k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 23% and program service revenue 35% of the total. At year end it held assets of $121k against liabilities of $0, net assets of $121k.