Succeed 2gether Inc

Analysis

Succeed 2gether Inc is a registered charity in United States, based in Montclair, NJ. It received its IRS tax-exemption ruling in March 2010, 16 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 September 2023, Succeed 2gether Inc reported income of $218k and spending of $192k, spending 88% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $175k to $218k (+25%), an average of +5.8% a year. The sharpest change came in the year to September 2020, when income rose by 29%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Succeed 2gether Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 62nd percentile within NJ. Charities of a similar size with the same main cause include Ready Set Safe ($218k), Community Housing Options Inc ($218k) and Friends of Juniper Flats Care Facility ($218k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 49% and program service revenue 49% of the total. Other salaries and wages came to $65k. At year end it held assets of $71k against liabilities of $15k, net assets of $56k. It reported 5 employees.