Somerville Elks Charitable Trust

Analysis

Somerville Elks Charitable Trust is a registered charity in United States, based in Bridgewater, NJ. It received its IRS tax-exemption ruling in December 2011, 15 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 March 2024, Somerville Elks Charitable Trust reported income of $180k and spending of $59k, leaving 67% of income unspent that year. Across the 5 years on record, from March 2020 to March 2024, income grew from $175k to $180k (+2.9%), an average of +0.7% a year. The sharpest change came in the year to March 2022, when income rose by 147%. Over the whole period it spent 87% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Somerville Elks Charitable Trust sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 58th percentile within NJ. Charities of a similar size with the same main cause include Montgomerys Miracles Inc ($180k), National Cartoonists Society Foundation Inc ($180k) and Focal Point Corporation ($180k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 91% of the total. At year end it held assets of $290k against liabilities of $1,528, net assets of $289k.