Serv Connect Inc

Analysis

Serv Connect Inc is a registered charity in United States, based in Hamilton, NJ. It received its IRS tax-exemption ruling in December 2020, 6 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 2023, Serv Connect Inc reported income of $6.7m and spending of $6.0m, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $6.7m to $6.7m (-0.8%), an average of -0.8% a year. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Serv Connect 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 93rd percentile, and in the 94th percentile within NJ. Charities of a similar size with the same main cause include Chamberlin House Inc ($6.7m), Working Solutions Cdfi ($6.7m) and Service Opportunity for Seniors ($6.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 100% of the total. Other salaries and wages came to $4.5m. At year end it held assets of $3.3m against liabilities of $1.9m, net assets of $1.4m.