Som Inc

Analysis

Som Inc is a registered charity in United States, based in Clarkdale, AZ. It received its IRS tax-exemption ruling in September 2008, 18 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Som Inc reported income of $3.3m and spending of $3.6m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $3.3m (+72%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Som Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within AZ. Charities of a similar size with the same main cause include A Time to Revive ($3.3m), Life in Abundance U S ($3.3m) and Bnei Akiva of Los Angeles ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $119k (3.3% of expenses). Other salaries and wages came to $281k. At year end it held assets of $441k against liabilities of $314, net assets of $441k. It reported 9 employees.