Somerset Valley Players

Analysis

Somerset Valley Players is a registered charity in United States, based in Hillsborough, NJ. It received its IRS tax-exemption ruling in September 1979, 47 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Valley Players reported income of $150k and spending of $113k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $115k to $150k (+30%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Somerset Valley Players sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 55th percentile within NJ. Charities of a similar size with the same main cause include Friends of Howell Living Historical ($150k), Eliot Fisk Guitar Academy Inc ($150k) and Jewish Community Center Sonoma County ($150k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 79% of the total. At year end it held assets of $202k against liabilities of $21k, net assets of $181k.