Some Inc

Analysis

Some Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 1971, 55 years ago. 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, Some Inc reported income of $57.1m and spending of $55.5m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $31.4m to $57.1m (+82%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Some Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 97th percentile within DC. Charities of a similar size with the same main cause include Fisher House Foundation Inc ($57.1m), Boston Senior Home Care Inc ($57.2m) and Catholic Charities Diocese of Trenton ($57.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $1.8m (3.2% of expenses). Other salaries and wages came to $29.2m. At year end it held assets of $162.3m against liabilities of $46.9m, net assets of $115.4m. It reported 645 employees.