So What Else Inc

Analysis

So What Else Inc is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in April 2010, 16 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, So What Else Inc reported income of $33.8m and spending of $33.9m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $699k to $33.8m (+4728%), an average of +164% a year. The sharpest change came in the year to December 2023, when income rose by 1359%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, So What Else Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MD. Charities of a similar size with the same main cause include Erie Community Foundation ($33.7m), Dimock Community Foundation Inc ($33.9m) and Circle of Life ($33.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $92k (0.3% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $654k against liabilities of $123k, net assets of $531k. It reported 127 employees.