Somali Cultural Institute

Analysis

Somali Cultural Institute is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in June 2014, 12 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, Somali Cultural Institute reported income of $279k and spending of $269k, spending 96% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $646k to $279k (-57%), an average of -16% a year. The sharpest change came in the year to December 2021, when income rose by 86%. Over the whole period it spent 65% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Somali Cultural Institute sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within MN. Charities of a similar size with the same main cause include Be the Edge Inc ($278k), Canaan Community Gospel Center ($279k) and For Evansville Inc ($278k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $92k. At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 1 employees.