Is Literacy Volunteers Of Somerset County Inc Legit?
Quick charity verification for Literacy Volunteers Of Somerset County Inc (EIN: 222999900)
Verdict: Literacy Volunteers Of Somerset County Inc appears trustworthy
75/100Mission Score
$484KRevenue
$491KAssets
1Red Flags
3Strengths
Red Flags
Revenue growth has been inconsistent, with fluctuations year-over-year (e.g., $198,114 in 2021 to $163,979 in 2022, then up to $218,771 in 2023).
Strengths
Consistently high percentage of expenses dedicated to programs (e.g., 81% in 2023, 80% in 2022, 80% in 2021).
Zero reported executive compensation, maximizing funds for mission-related activities.
Healthy asset growth over the past several years, indicating financial stability.
AI Transparency Report
Literacy Volunteers Of Somerset County Inc is a human services nonprofit based in Bridgewater, New Jersey, with reported revenue of $484K and assets of $491K. Our AI analysis assigns a Mission Score of 75/100 (Good). Approximately 81% of spending goes to programs, 10% to administration, and 9% to fundraising. - The organization consistently reports 0% compensation for its highest-paid employees, indicating a volunteer-led executive structure.
- Financial filings show a consistent pattern of program expenses forming the vast majority of total expenses.
- The organization's assets have grown steadily over the past several years, from $75,374 in 2017 to $223,180 in 2023. Executive compensation is reported as $0 across all available filings, suggesting a fully volunteer-run leadership, which is a positive indicator for donor funds directly supporting programs. Revenue has grown +179% across 13 filing periods.