Somali Community of Louisville Inc

Analysis

Somali Community of Louisville Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in May 2020, 6 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, Somali Community of Louisville Inc reported income of $177k and spending of $240k, spending 136% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $465k to $177k (-62%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 39%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Somali Community of Louisville Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within KY. Charities of a similar size with the same main cause include Silver Valley Ptso ($177k), Southwest Virginia Alliance for Manufacturing Inc ($177k) and The Path Foundation ($177k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $27k against liabilities of $0, net assets of $27k.