Pennington Adult Living Services

Analysis

Pennington Adult Living Services is a registered charity in United States, based in Pennington, NJ. It received its IRS tax-exemption ruling in May 2017, 9 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 December 2022, Pennington Adult Living Services reported income of $579k and spending of $559k, spending 97% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $348k to $579k (+66%), an average of +66% a year. The sharpest change came in the year to December 2022, when income rose by 66%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Pennington Adult Living Services sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 77th percentile within NJ. Charities of a similar size with the same main cause include Every Child Lane County ($579k), Society of St Vincent de Paul Our Lady of the Lake Conference ($579k) and Anne Saxelby Legacy Fund Inc ($578k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 15% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $2,840 (0.5% of expenses). Other salaries and wages came to $389k. At year end it held assets of $144k against liabilities of $80k, net assets of $63k.