Literacy Volunteers Of Somerset County Inc
Literacy Volunteers of Somerset County: Strong Program Spending, Limited Financial Growth
EIN: 222999900 · Bridgewater, NJ · NTEE: P60 · Updated: 2026-04-04
About Literacy Volunteers Of Somerset County Inc
Literacy Volunteers Of Somerset County Inc (EIN: 222999900) is a nonprofit organization based in Bridgewater, NJ, classified under NTEE code P60. The organization reported total revenue of $484K and total assets of $491K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Literacy Volunteers Of Somerset County Inc'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 Literacy Volunteers Of Somerset County Inc with a Mission Score of 75 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: 10%
- programs: 81%
- fundraising: 9%
According to IRS 990 filings, Literacy Volunteers Of Somerset County Inc allocates its expenses as follows: admin: 10%, programs: 81%, fundraising: 9%. With 81% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
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.
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 Literacy Volunteers Of Somerset County Inc's IRS 990 filings:
- 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
The following positive indicators were identified for Literacy Volunteers Of Somerset County Inc:
- 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.
Frequently Asked Questions about Literacy Volunteers Of Somerset County Inc
What does Literacy Volunteers Of Somerset County Inc do?
Literacy Volunteers Of Somerset County Inc is a nonprofit organization in the Human Services sector, located in Bridgewater, New Jersey. It is classified under NTEE code P60.
How much revenue does Literacy Volunteers Of Somerset County Inc have?
Literacy Volunteers Of Somerset County Inc reported total revenue of $483,798. Based on 13 IRS 990 filings on record.
What are Literacy Volunteers Of Somerset County Inc's total assets?
Literacy Volunteers Of Somerset County Inc holds total assets of $491,328 as reported in IRS 990 filings.
Where is Literacy Volunteers Of Somerset County Inc located?
Literacy Volunteers Of Somerset County Inc is based in Bridgewater, New Jersey.
What is Literacy Volunteers Of Somerset County Inc's EIN?
Literacy Volunteers Of Somerset County Inc's Employer Identification Number (EIN) is 222999900. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Literacy Volunteers Of Somerset County Inc?
Literacy Volunteers Of Somerset County Inc is classified under NTEE code P60 (Human Services).
Is Literacy Volunteers Of Somerset County Inc a registered 501(c)(3)?
Yes, Literacy Volunteers Of Somerset County Inc is recognized as a tax-exempt organization by the IRS. EIN: 222999900.
Does Literacy Volunteers Of Somerset County Inc file IRS Form 990?
Yes, Literacy Volunteers Of Somerset County Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Literacy Volunteers Of Somerset County Inc's revenue in 2023?
In the 202306 filing period, Literacy Volunteers Of Somerset County Inc reported total revenue of $218,771, total expenses of $178,070, and net assets of $223,180.
Is Literacy Volunteers Of Somerset County Inc's revenue growing or declining?
Literacy Volunteers Of Somerset County Inc's revenue is growing. Revenue went from $163,979 (202206) to $218,771 (202306), a +33.4% change. Based on 13 filings on record.
What is Literacy Volunteers Of Somerset County Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Literacy Volunteers Of Somerset County Inc covers tax period 202306. It shows revenue of $218,771, expenses of $178,070, total assets of $223,180, and liabilities of N/A.
How much does Literacy Volunteers Of Somerset County Inc spend on programs vs administration?
Based on IRS 990 analysis, Literacy Volunteers Of Somerset County Inc allocates approximately 81% of expenses to program services, 10% to administrative costs, and 9% to fundraising. This indicates strong program focus.
Is Literacy Volunteers Of Somerset County Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Literacy Volunteers Of Somerset County Inc appears trustworthy. Mission Score: 75/100 (Good). 1 red flag identified. 3 strengths noted.
What are the red flags for Literacy Volunteers Of Somerset County Inc?
The following concerns were identified: 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).. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Literacy Volunteers Of Somerset County Inc's strengths?
Positive indicators for Literacy Volunteers Of Somerset County Inc include: 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.. These findings are derived from AI analysis of the organization's financial filings.
How does Literacy Volunteers Of Somerset County Inc compensate executives?
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. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Literacy Volunteers Of Somerset County Inc?
- 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. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
How does the organization sustain its operations and growth without paid executive leadership?
The consistent reporting of $0 executive compensation suggests a robust volunteer base for leadership and administrative functions, allowing a higher proportion of revenue to be allocated directly to program delivery and asset building.
What factors contribute to the fluctuating revenue figures, and how does the organization plan to stabilize or increase its funding?
While the data shows revenue fluctuations, the organization has managed to maintain strong program spending. Further investigation into fundraising strategies and donor engagement would be needed to understand and address revenue consistency.
Filing History
IRS 990 filing history for Literacy Volunteers Of Somerset County Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Literacy Volunteers Of Somerset County Inc's revenue has grown by 179.1%, moving from $78K to $219K. Total assets increased by 131.9% over the same period, from $96K to $223K. Total functional expenses rose by 27.4%, from $140K to $178K. In its most recent filing year (2023), Literacy Volunteers Of Somerset County Inc reported a surplus of $41K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $219K | $178K | $223K | $0 | — | View 990 |
| 2022 | $164K | $159K | $211K | $23K | — | View 990 |
| 2021 | $198K | $145K | $199K | $17K | — | View 990 |
| 2020 | $126K | $142K | $156K | $28K | — | View 990 |
| 2019 | $168K | $135K | $151K | $6K | — | View 990 |
| 2018 | $165K | $123K | $116K | $4K | — | View 990 |
| 2017 | $125K | $124K | $75K | $4K | — | View 990 |
| 2016 | $99K | $125K | $73K | $0 | — | View 990 |
| 2015 | $108K | $130K | $103K | $3K | — | View 990 |
| 2014 | $92K | $122K | $123K | $0 | — | View 990 |
| 2013 | $70K | $128K | $153K | $0 | — | View 990 |
| 2012 | $280K | $165K | $211K | $0 | — | View 990 |
| 2011 | $78K | $140K | $96K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $219K, expenses of $178K, and assets of $223K (revenue +33.4% year-over-year).
- 2022: Revenue of $164K, expenses of $159K, and assets of $211K (revenue -17.2% year-over-year).
- 2021: Revenue of $198K, expenses of $145K, and assets of $199K (revenue +57.2% year-over-year).
- 2020: Revenue of $126K, expenses of $142K, and assets of $156K (revenue -24.8% year-over-year).
- 2019: Revenue of $168K, expenses of $135K, and assets of $151K (revenue +1.5% year-over-year).
- 2018: Revenue of $165K, expenses of $123K, and assets of $116K (revenue +32.3% year-over-year).
- 2017: Revenue of $125K, expenses of $124K, and assets of $75K (revenue +26.5% year-over-year).
- 2016: Revenue of $99K, expenses of $125K, and assets of $73K (revenue -8.8% year-over-year).
- 2015: Revenue of $108K, expenses of $130K, and assets of $103K (revenue +18.2% year-over-year).
- 2014: Revenue of $92K, expenses of $122K, and assets of $123K (revenue +30.4% year-over-year).
- 2013: Revenue of $70K, expenses of $128K, and assets of $153K (revenue -74.9% year-over-year).
- 2012: Revenue of $280K, expenses of $165K, and assets of $211K (revenue +256.8% year-over-year).
- 2011: Revenue of $78K, expenses of $140K, and assets of $96K.
Data Sources and Methodology
This transparency report for Literacy Volunteers 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.