Somali Bantu Community Association of Maine

Analysis

Somali Bantu Community Association of Maine is a registered charity in United States, based in Lewiston, ME. It received its IRS tax-exemption ruling in September 2009, 17 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, Somali Bantu Community Association of Maine reported income of $801k and spending of $897k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $330k to $801k (+143%), an average of +25% a year. The sharpest change came in the year to December 2020, when income rose by 118%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Somali Bantu Community Association of Maine sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within ME. Charities of a similar size with the same main cause include Impact Indonesia ($801k), Ministerial Association of Colusa County ($801k) and Beauty 2 the Streetz ($801k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $79k (8.8% of expenses). Other salaries and wages came to $441k. At year end it held assets of $1.1m against liabilities of $223k, net assets of $897k. It reported 26 employees.