Somerset Christian School Foundation Inc

Analysis

Somerset Christian School Foundation Inc is a registered charity in United States, based in Somerset, KY. It received its IRS tax-exemption ruling in October 2018, 8 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Somerset Christian School Foundation Inc reported income of $209k and spending of $254k, spending 122% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $356k to $209k (-41%), an average of -12% a year. The sharpest change came in the year to June 2023, when income rose by 175%. Over the whole period it spent 104% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Somerset Christian School Foundation Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within KY. Charities of a similar size with the same main cause include R L B Ministries Inc ($209k), Ministerial Alliance of Grove Oklahoma Inc ($209k) and Tabawa Mindfulness and Detachment Center ($209k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $7,090 against liabilities of $0, net assets of $7,090.