Somali Development Center Inc

Analysis

Somali Development Center Inc is a registered charity in United States, based in Roxbury, MA. It received its IRS tax-exemption ruling in November 1996, 30 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Somali Development Center Inc reported income of $328k and spending of $389k, spending 118% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income grew from $119k to $328k (+175%), an average of +29% a year. The sharpest change came in the year to October 2020, when income rose by 136%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Somali Development Center Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within MA. Charities of a similar size with the same main cause include Urban Conservancy ($328k), We Our US Unity Engagement Mens Movement Incorporated ($328k) and 2 Fish Home Renovations ($328k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 1.5% and program service revenue 98% of the total. Other salaries and wages came to $275k. At year end it held assets of $224k against liabilities of $6,425, net assets of $218k. It reported 9 employees.