Somerton Youth Organization

Analysis

Somerton Youth Organization is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in May 1971, 55 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Somerton Youth Organization reported income of $149k and spending of $144k, spending 96% of its income. Across the 2 years on record, from September 2022 to September 2023, income fell from $218k to $149k (-31%), an average of -31% a year. The sharpest change came in the year to September 2023, when income dropped by 31%. Over the whole period it spent 78% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Somerton Youth Organization sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within PA. Charities of a similar size with the same main cause include Pine Forge Athletic Association ($149k), Association of Independent Jewish Camps ($150k) and Boston Girls Empowerment Network Inc ($149k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 12% and program service revenue 12% of the total. At year end it held assets of $360k against liabilities of $0, net assets of $360k.