Sommfoundation

Analysis

Sommfoundation is a registered charity in United States, based in Napa, CA. It received its IRS tax-exemption ruling in December 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Sommfoundation reported income of $396k and spending of $523k, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $435k to $396k (-9.0%), an average of -2.3% a year. The sharpest change came in the year to December 2022, when income rose by 243%. Over the whole period it spent 142% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sommfoundation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include Monson Free Library and Reading Room Association ($396k), Chesapeake Construction Education and Apprenticeship Trust Fund ($396k) and Rossmoor Scholarship Foundation ($396k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 47% of the total. Other salaries and wages came to $162k. At year end it held assets of $225k against liabilities of $6,050, net assets of $219k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.