Somerset Area Ministries Inc

Analysis

Somerset Area Ministries Inc is a registered charity in United States, based in Somerset, PA. It received its IRS tax-exemption ruling in June 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Somerset Area Ministries Inc reported income of $63k and spending of $57k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $53k to $63k (+19%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Somerset Area Ministries Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 23rd percentile within PA. Charities of a similar size with the same main cause include St Charles Social Concerns Committe ($63k), Simchas Sarah Inc ($63k) and PTO Sour Lake Elementary ($63k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $82k against liabilities of $0, net assets of $82k.