Confederation of Somali Community in Minnesota

Analysis

Confederation of Somali Community in Minnesota is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in October 1995, 31 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, Confederation of Somali Community in Minnesota reported income of $59k and spending of $59k, spending 100% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $165k to $59k (-64%), an average of -18% a year. The sharpest change came in the year to December 2020, when income rose by 386%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Confederation of Somali Community in Minnesota sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 19th percentile within MN. Charities of a similar size with the same main cause include Educate Tomorrows Parents ($59k), Permian Basin Womens Resource Center the Life Center Foundation ($59k) and Erie Uplink ($59k).

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 $13k. At year end it held assets of $397 against liabilities of $0, net assets of $397.