Somerset Land Preservation Trust Inc

Analysis

Somerset Land Preservation Trust Inc is a registered charity in United States, based in Gladstone, NJ. It received its IRS tax-exemption ruling in December 2013, 13 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 Land Preservation Trust Inc reported income of $3.8m and spending of $1,116, leaving 100% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $375 to $3.8m (+1021098%), an average of +1021098% a year. The sharpest change came in the year to December 2023, when income rose by 1021098%. Over the whole period it spent 0.0% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Somerset Land Preservation Trust Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NJ. Charities of a similar size with the same main cause include Michigan League of Conservation Voters Education Fund ($3.8m), Friends of the Osa ($3.8m) and Land Stewardship Project ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $4.3m against liabilities of $0, net assets of $4.3m.