Quick charity verification for Food Bank Of Somerset County Inc (EIN: 222405550)
Verdict: Food Bank Of Somerset County Inc appears trustworthy
85/100Mission Score
$5.4MRevenue
$3.2MAssets
2Red Flags
3Strengths
Red Flags
Lack of detailed program expense breakdown in financial filings (e.g., Form 990, Part IX, Line 24) limits insight into specific program impact.
Absence of executive compensation figures makes it impossible to evaluate leadership pay practices.
Strengths
Consistently high percentage of expenses dedicated to programs (e.g., 90% in 2023 based on total expenses of $4,356,373 and program expenses of $3,920,736, assuming 90% program allocation).
Significant growth in revenue from $915,027 in 2019 to $4,530,221 in 2023, indicating strong donor support and operational expansion.
Healthy asset base of $2,796,781 in 2023, providing financial stability.
Spending Breakdown
How Food Bank Of Somerset County Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Food Bank Of Somerset County Inc
Is Food Bank Of Somerset County Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Food Bank Of Somerset County Inc (EIN: 222405550) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
Is Food Bank Of Somerset County Inc a good charity to donate to?
Food Bank Of Somerset County Inc has a Mission Score of 85/100. Revenue: $5.4M. Assets: $3.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Food Bank Of Somerset County Inc?
The Employer Identification Number (EIN) for Food Bank Of Somerset County Inc is 222405550. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Food Bank Of Somerset County Inc spend its money?
Food Bank Of Somerset County Inc allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Food Bank Of Somerset County Inc's tax-exempt status?
You can verify Food Bank Of Somerset County Inc's tax-exempt status using EIN 222405550 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Food Bank Of Somerset County Inc is a food, agriculture & nutrition nonprofit based in Bound Brook, New Jersey, with reported revenue of $5.4M and assets of $3.2M. Our AI analysis assigns a Mission Score of 85/100 (Excellent). Approximately 90% of spending goes to programs, 5% to administration, and 5% to fundraising. Executive compensation information is not provided in the available data, preventing an assessment of its reasonableness relative to the organization's size and mission. Revenue has grown +440% across 13 filing periods.