Home of Somerset County Inc

Analysis

Home of Somerset County Inc is a registered charity in United States, based in Somerville, NJ. It received its IRS tax-exemption ruling in December 1991, 35 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Home of Somerset County Inc reported income of $1.2m and spending of $1.2m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $1.2m (-17%), an average of -4.5% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Home of Somerset County Inc sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within NJ. Charities of a similar size with the same main cause include Integrity Resource Center Inc ($1.2m), Clydehurst Christian Ranch Inc ($1.2m) and Open Stories Foundation ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $60k (5.1% of expenses). At year end it held assets of $458k against liabilities of $6,224, net assets of $452k. It reported 6 employees.