Somers Education Foundation Inc

Analysis

Somers Education Foundation Inc is a registered charity in United States, based in Somers, CT. It received its IRS tax-exemption ruling in February 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Somers Education Foundation Inc reported income of $107k and spending of $62k, leaving 42% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $36k to $107k (+196%), an average of +31% a year. The sharpest change came in the year to June 2021, when income rose by 91%. Over the whole period it spent 61% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Somers Education Foundation Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within CT. Charities of a similar size with the same main cause include Holy Spirit High School Fathers Club Inc ($107k), Centro Venezolano Americano de Carabobo ($107k) and Midwest Institute for International and Intercultural Education ($107k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 34% of the total. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m.