Somerset Lions Club Inc Charitable Trust

Analysis

Somerset Lions Club Inc Charitable Trust is a registered charity in United States, based in Somerset, MA. It received its IRS tax-exemption ruling in December 2024, 2 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 June 2023, Somerset Lions Club Inc Charitable Trust reported income of $63k and spending of $54k, spending 85% of its income. The sharpest change came in the year to June 2023, when income rose by 31%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Somerset Lions Club Inc Charitable Trust sits at the 25th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 33rd percentile within MA. Charities of a similar size with the same main cause include Cleveland Womens Orchestra ($63k), Louisville Regional Science & Engineering Fair ($63k) and PTA Nevada Congress ($63k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $45k against liabilities of $0, net assets of $45k.