Somo Endowment Fund Inc

Analysis

Somo Endowment Fund Inc is a registered charity in United States, based in Jefferson Cty, MO. It received its IRS tax-exemption ruling in March 2005, 21 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Somo Endowment Fund Inc reported income of $118k and spending of $5,470, leaving 95% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $261k to $118k (-55%), an average of -18% a year. The sharpest change came in the year to December 2022, when income rose by 238%. Over the whole period it spent 193% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Somo Endowment Fund Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within MO. Charities of a similar size with the same main cause include North Puget Sound League NPSL ($118k), TC United FC ($118k) and East Fishkill Babe Ruth League Inc ($118k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $468k against liabilities of $1,000, net assets of $467k.