216 Somerset Company

Analysis

216 Somerset Company is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, 216 Somerset Company reported income of $217k and spending of $209k, spending 96% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $223k to $217k (-2.8%), an average of -0.9% a year. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, 216 Somerset Company sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within PA. Charities of a similar size with the same main cause include Chessed Vemess Inc ($217k), The Hamlin Jaeger and Massina Charitable Foundation ($217k) and PV Schools Education Foundation ($217k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 85% of the total. At year end it held assets of $4.5m against liabilities of $2.4m, net assets of $2.1m.