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.
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.