Somali Bantu Community of Springfield Inc

Analysis

Somali Bantu Community of Springfield Inc is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in December 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Bantu Community of Springfield Inc reported income of $60k and spending of $62k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $36k to $60k (+67%), an average of +67% a year. The sharpest change came in the year to December 2023, when income rose by 67%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Somali Bantu Community of Springfield Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 32nd percentile within MA. Charities of a similar size with the same main cause include C L C Community Living Inc ($60k), T I a Through It All ($60k) and Nkporo Development Union USA Inc ($60k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1,214 against liabilities of $0, net assets of $1,214.