Somers Lions Charitable Foundation Inc

Analysis

Somers Lions Charitable Foundation Inc is a registered charity in United States, based in Somers, NY. It received its IRS tax-exemption ruling in November 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Somers Lions Charitable Foundation Inc reported income of $158k and spending of $107k, leaving 33% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $132k to $158k (+20%), an average of +4.7% a year. The sharpest change came in the year to June 2022, when income rose by 167%. Over the whole period it spent 48% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Somers Lions Charitable Foundation Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within NY. Charities of a similar size with the same main cause include Tabitha Cares ($158k), Love Our Tanzania Family Inc ($158k) and Health Story Collaborative Inc ($158k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% of the total. At year end it held assets of $322k against liabilities of $0, net assets of $322k.