Family & Community Services Of Somerset County
Family & Community Services Of Somerset County: Declining Revenue and Asset Trends Raise Concerns
EIN: 221508565 · Bound Brook, NJ · NTEE: P46Z · Updated: 2026-04-04
About Family & Community Services Of Somerset County
Family & Community Services Of Somerset County (EIN: 221508565) is a nonprofit organization based in Bound Brook, NJ, classified under NTEE code P46Z. The organization reported total revenue of $688K and total assets of $238K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Family & Community Services Of Somerset County's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Family & Community Services Of Somerset County with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Family & Community Services Of Somerset County allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided summary data, preventing a specific assessment of its reasonableness relative to the organization's revenue and assets.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Family & Community Services Of Somerset County's IRS 990 filings:
- Total revenue has shown a significant decline from $1,059,462 in 2022 to $769,407 in 2023.
- Total assets have decreased from $423,847 in 2022 to $335,007 in 2023, continuing a multi-year downward trend from a high of $557,596 in 2021.
- The organization reported an excess of expenses over revenue in 2023 ($866,623 expenses vs. $769,407 revenue).
Strengths
The following positive indicators were identified for Family & Community Services Of Somerset County:
- Consistent filing of financial data over many years demonstrates a commitment to regulatory compliance.
- The organization has maintained a relatively stable level of liabilities, suggesting responsible financial management despite revenue fluctuations.
- The consistent reporting of 0% lobbying indicates a clear focus on direct service delivery rather than advocacy.
Frequently Asked Questions about Family & Community Services Of Somerset County
What does Family & Community Services Of Somerset County do?
Family & Community Services Of Somerset County is a nonprofit organization in the Human Services sector, located in Bound Brook, New Jersey. It is classified under NTEE code P46Z.
How much revenue does Family & Community Services Of Somerset County have?
Family & Community Services Of Somerset County reported total revenue of $687,666. Based on 12 IRS 990 filings on record.
What are Family & Community Services Of Somerset County's total assets?
Family & Community Services Of Somerset County holds total assets of $237,706 as reported in IRS 990 filings.
Where is Family & Community Services Of Somerset County located?
Family & Community Services Of Somerset County is based in Bound Brook, New Jersey.
What is Family & Community Services Of Somerset County's EIN?
Family & Community Services Of Somerset County's Employer Identification Number (EIN) is 221508565. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Family & Community Services Of Somerset County?
Family & Community Services Of Somerset County is classified under NTEE code P46Z (Human Services).
Is Family & Community Services Of Somerset County a registered 501(c)(3)?
Yes, Family & Community Services Of Somerset County is recognized as a tax-exempt organization by the IRS. EIN: 221508565.
Does Family & Community Services Of Somerset County file IRS Form 990?
Yes, Family & Community Services Of Somerset County has 12 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Family & Community Services Of Somerset County's revenue in 2023?
In the 202306 filing period, Family & Community Services Of Somerset County reported total revenue of $769,407, total expenses of $866,623, and net assets of $335,007.
Is Family & Community Services Of Somerset County's revenue growing or declining?
Family & Community Services Of Somerset County's revenue is declining. Revenue went from $1,059,462 (202206) to $769,407 (202306), a -27.4% change. Based on 12 filings on record.
What is Family & Community Services Of Somerset County's most recent 990 filing?
The most recent IRS Form 990 filing for Family & Community Services Of Somerset County covers tax period 202306. It shows revenue of $769,407, expenses of $866,623, total assets of $335,007, and liabilities of $36,063.
How much does Family & Community Services Of Somerset County spend on programs vs administration?
Based on IRS 990 analysis, Family & Community Services Of Somerset County allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Family & Community Services Of Somerset County a trustworthy charity?
Based on AI analysis of IRS 990 data, Family & Community Services Of Somerset County appears trustworthy. Mission Score: 70/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Family & Community Services Of Somerset County?
The following concerns were identified: Total revenue has shown a significant decline from $1,059,462 in 2022 to $769,407 in 2023.. Total assets have decreased from $423,847 in 2022 to $335,007 in 2023, continuing a multi-year downward trend from a high of $557,596 in 2021.. The organization reported an excess of expenses over revenue in 2023 ($866,623 expenses vs. $769,407 revenue).. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Family & Community Services Of Somerset County's strengths?
Positive indicators for Family & Community Services Of Somerset County include: Consistent filing of financial data over many years demonstrates a commitment to regulatory compliance.. The organization has maintained a relatively stable level of liabilities, suggesting responsible financial management despite revenue fluctuations.. The consistent reporting of 0% lobbying indicates a clear focus on direct service delivery rather than advocacy.. These findings are derived from AI analysis of the organization's financial filings.
How does Family & Community Services Of Somerset County compensate executives?
Executive compensation is not explicitly detailed in the provided summary data, preventing a specific assessment of its reasonableness relative to the organization's revenue and assets. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors contributed to the substantial drop in revenue from 2022 to 2023, and how does the organization plan to address this trend?
The data shows a decrease from $1,059,462 in 2022 to $769,407 in 2023. Understanding the specific causes (e.g., grant changes, donor shifts) and the organization's strategy to reverse this decline is crucial for future sustainability.
Given the consistent decline in total assets since 2021, what is the organization's long-term strategy for asset management and financial stability?
Total assets have fallen from $557,596 in 2021 to $335,007 in 2023. A clear plan for rebuilding reserves or managing asset utilization is important to ensure the organization's capacity to operate effectively in the future.
Filing History
IRS 990 filing history for Family & Community Services Of Somerset County showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Family & Community Services Of Somerset County's revenue has grown by 2.6%, moving from $750K to $769K. Total assets increased by 32.9% over the same period, from $252K to $335K. Total functional expenses rose by 11.4%, from $778K to $867K. In its most recent filing year (2023), Family & Community Services Of Somerset County reported a deficit of $97K, with expenses exceeding revenue. The organization holds $36K in liabilities against $335K in assets (debt-to-asset ratio: 10.8%), resulting in net assets of $299K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $769K | $867K | $335K | $36K | — | View 990 |
| 2022 | $1.1M | $890K | $424K | $28K | — | View 990 |
| 2021 | $732K | $724K | $558K | $332K | — | View 990 |
| 2020 | $828K | $788K | $382K | $174K | — | View 990 |
| 2018 | $940K | $950K | $216K | $44K | — | View 990 |
| 2017 | $888K | $892K | $215K | $34K | — | View 990 |
| 2016 | $831K | $815K | $233K | $48K | — | View 990 |
| 2015 | $791K | $774K | $227K | $55K | — | View 990 |
| 2014 | $726K | $758K | $210K | $57K | — | View 990 |
| 2013 | $810K | $816K | $210K | $34K | — | View 990 |
| 2012 | $797K | $802K | $237K | $55K | — | View 990 |
| 2011 | $750K | $778K | $252K | $61K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $769K, expenses of $867K, and assets of $335K (revenue -27.4% year-over-year).
- 2022: Revenue of $1.1M, expenses of $890K, and assets of $424K (revenue +44.7% year-over-year).
- 2021: Revenue of $732K, expenses of $724K, and assets of $558K (revenue -11.6% year-over-year).
- 2020: Revenue of $828K, expenses of $788K, and assets of $382K (revenue -11.9% year-over-year).
- 2018: Revenue of $940K, expenses of $950K, and assets of $216K (revenue +5.8% year-over-year).
- 2017: Revenue of $888K, expenses of $892K, and assets of $215K (revenue +6.9% year-over-year).
- 2016: Revenue of $831K, expenses of $815K, and assets of $233K (revenue +5.0% year-over-year).
- 2015: Revenue of $791K, expenses of $774K, and assets of $227K (revenue +9.0% year-over-year).
- 2014: Revenue of $726K, expenses of $758K, and assets of $210K (revenue -10.4% year-over-year).
- 2013: Revenue of $810K, expenses of $816K, and assets of $210K (revenue +1.7% year-over-year).
- 2012: Revenue of $797K, expenses of $802K, and assets of $237K (revenue +6.2% year-over-year).
- 2011: Revenue of $750K, expenses of $778K, and assets of $252K.
Data Sources and Methodology
This transparency report for Family & Community Services Of Somerset County 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.