The Somero Project

Analysis

The Somero Project is a registered charity in United States, based in Blaine, WA. It received its IRS tax-exemption ruling in August 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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, The Somero Project reported income of $63k and spending of $60k, spending 95% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $77k to $63k (-18%), an average of -9.2% a year. The sharpest change came in the year to December 2022, when income dropped by 16%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Somero Project sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 19th percentile within WA. Charities of a similar size with the same main cause include North American Anthroposophic Nurses Association ($63k), Tonatierra Community Development Institute ($63k) and Peninsula Schools Education Foundation ($63k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $12k against liabilities of $0, net assets of $12k.