Somali Education and Resource Center

Analysis

Somali Education and Resource Center is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in October 2016, 10 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 2022, Somali Education and Resource Center reported income of $6.6m and spending of $6.5m, spending 97% of its income. Across the 6 years on record, from December 2017 to December 2022, income grew from $1.4m to $6.6m (+366%), an average of +36% a year. The sharpest change came in the year to December 2021, when income rose by 237%. Over the whole period it spent 55% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Somali Education and Resource Center sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within OH. Charities of a similar size with the same main cause include Moultrie County Beacon Inc ($6.6m), Park View Home Inc ($6.6m) and Omega Community Development Corporation ($6.6m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 7.8% and program service revenue 92% of the total. Other salaries and wages came to $672k. At year end it held assets of $2.3m against liabilities of $1.8m, net assets of $556k. It reported 49 employees.