Somers Education Foundation Inc

Analysis

Somers Education Foundation Inc is a registered charity in United States, based in Somers, NY. It received its IRS tax-exemption ruling in January 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Somers Education Foundation Inc reported income of $82k and spending of $29k, leaving 65% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $48k to $82k (+71%), an average of +71% a year. The sharpest change came in the year to December 2023, when income rose by 71%. Over the whole period it spent 36% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Somers Education Foundation Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 32nd percentile within NY. Charities of a similar size with the same main cause include Pearls and Ivy Foundation of Queens Inc ($82k), Bicknell Family Foundation ($82k) and Maya Center for Rural Education and Well-Being Association ($82k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 59% of the total. At year end it held assets of $119k against liabilities of $0, net assets of $119k.