Somali Health Board

Analysis

Somali Health Board is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in July 2015, 11 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 Health Board reported income of $2.4m and spending of $2.6m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $2.4m (+24%), an average of +5.6% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Somali Health Board sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within WA. Charities of a similar size with the same main cause include Lighthouse Ranch for Boys Inc ($2.4m), Open Arms Christian Ministries ($2.4m) and Steps to End Domestic Violence Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $673k against liabilities of $128k, net assets of $545k.