Somali Senior Resource and Family Services

Analysis

Somali Senior Resource and Family Services is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in April 2018, 8 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 December 2023, Somali Senior Resource and Family Services reported income of $495k and spending of $495k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $269k to $495k (+84%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 27%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Somali Senior Resource and Family Services sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within OH. Charities of a similar size with the same main cause include Coos Economic Development Corporation ($495k), San Antonio Community Development Council Inc ($495k) and Toolbank USA Inc ($495k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $28k (5.7% of expenses). Other salaries and wages came to $29k. At year end it held assets of $0 against liabilities of $0, net assets of $0.