Arc Foundation Of Somerset County Inc
EIN: 300205474 · Manville, NJ
| Metric | Value |
|---|---|
| Total Revenue | $337K |
| Total Expenses | $2.2M |
| Net Assets | $542K |
Is Arc Foundation Of Somerset County Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Arc Foundation Of Somerset County Inc
Arc Foundation Of Somerset County Inc (EIN: 300205474) is a nonprofit organization based in Manville, NJ. The organization reported total revenue of $337K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Arc Foundation Of Somerset County Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Arc Foundation Of Somerset County Inc is a small nonprofit that has been operating for 23 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 16.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $350K |
| Total Expenses | $2.2M |
| Surplus / Deficit | $-1,813,425 |
| Total Assets | $996K |
| Total Liabilities | $454K |
| Net Assets | $542K |
| Operating Margin | -517.6% |
| Debt-to-Asset Ratio | 45.6% |
| Months of Reserves | 5.5 months |
Financial Health Grade: B
In 2023, Arc Foundation Of Somerset County Inc reported a deficit of $1.8M with expenses exceeding revenue, holds 5.5 months of operating reserves (adequate), has a debt-to-asset ratio of 45.6% (moderate leverage).
Financial Trends
Over 9 years of filings (2015–2023), Arc Foundation Of Somerset County Inc's revenue has grown at a compound annual growth rate (CAGR) of 16.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -39.5% | +750.6% | -57.7% |
| 2022 | +38.9% | +88.2% | +11.5% |
| 2021 | -39.1% | -24.3% | +19.9% |
| 2020 | -2.7% | -52.1% | +37.0% |
| 2019 | +80.5% | +98.9% | +37.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Arc Foundation Of Somerset County Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Arc Foundation Of Somerset County Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.8M, with expenses exceeding revenue.
- Debt-to-asset ratio: 45.6%.
Frequently Asked Questions about Arc Foundation Of Somerset County Inc
Is Arc Foundation Of Somerset County Inc a legitimate charity?
Arc Foundation Of Somerset County Inc (EIN: 300205474) is a registered tax-exempt nonprofit based in New Jersey. It has 9 years of IRS 990 filings on record. Total revenue: $337K. No red flags identified. Financial health grade: B.
How does Arc Foundation Of Somerset County Inc spend its money?
Arc Foundation Of Somerset County Inc reported $337K in total revenue in IRS 990 filings. 9 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Arc Foundation Of Somerset County Inc tax-deductible?
Arc Foundation Of Somerset County Inc is registered as a tax-exempt nonprofit (EIN: 300205474). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Arc Foundation Of Somerset County Inc located?
Arc Foundation Of Somerset County Inc is headquartered in Manville, New Jersey and files with the IRS under EIN 300205474.
How many years of IRS 990 filings does Arc Foundation Of Somerset County Inc have?
Arc Foundation Of Somerset County Inc has 9 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $337K in total revenue.
Filing History
IRS 990 filing history for Arc Foundation Of Somerset County Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Arc Foundation Of Somerset County Inc's revenue has grown by 238.4%, moving from $104K to $350K. Total assets increased by 43.4% over the same period, from $694K to $996K. Total functional expenses rose by 9463.7%, from $23K to $2.2M. In its most recent filing year (2023), Arc Foundation Of Somerset County Inc reported a deficit of $1.8M, with expenses exceeding revenue. The organization holds $454K in liabilities against $996K in assets (debt-to-asset ratio: 45.6%), resulting in net assets of $542K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $350K | $2.2M | $996K | $454K | — | — |
| 2022 | $579K | $254K | $2.4M | $23K | — | View 990 |
| 2021 | $417K | $135K | $2.1M | $20K | — | View 990 |
| 2020 | $684K | $179K | $1.8M | $15K | — | View 990 |
| 2019 | $703K | $373K | $1.3M | $39K | — | View 990 |
| 2018 | $390K | $187K | $935K | $21K | — | View 990 |
| 2017 | $240K | $217K | $722K | $13K | — | View 990 |
| 2016 | $210K | $152K | $719K | $38K | — | View 990 |
| 2015 | $104K | $23K | $694K | $63K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $350K, expenses of $2.2M, and assets of $996K (revenue -39.5% year-over-year).
- 2022: Revenue of $579K, expenses of $254K, and assets of $2.4M (revenue +38.9% year-over-year).
- 2021: Revenue of $417K, expenses of $135K, and assets of $2.1M (revenue -39.1% year-over-year).
- 2020: Revenue of $684K, expenses of $179K, and assets of $1.8M (revenue -2.7% year-over-year).
- 2019: Revenue of $703K, expenses of $373K, and assets of $1.3M (revenue +80.5% year-over-year).
- 2018: Revenue of $390K, expenses of $187K, and assets of $935K (revenue +62.4% year-over-year).
- 2017: Revenue of $240K, expenses of $217K, and assets of $722K (revenue +14.0% year-over-year).
- 2016: Revenue of $210K, expenses of $152K, and assets of $719K (revenue +103.2% year-over-year).
- 2015: Revenue of $104K, expenses of $23K, and assets of $694K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Arc Foundation Of Somerset County Inc:
Data Sources and Methodology
This transparency report for Arc Foundation Of Somerset County Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.