Somos Familia

Analysis

Somos Familia is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in July 2017, 9 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 June 2023, Somos Familia reported income of $262k and spending of $214k, spending 82% of its income. Across the 3 years on record, from June 2020 to June 2023, income fell from $268k to $262k (-2.2%), an average of -1.1% a year. The sharpest change came in the year to June 2023, when income rose by 40%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Somos Familia sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include Al Folk Inc ($262k), Kennys Place of Marion County Inc ($262k) and Hope Refuge Inc ($262k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $83k (39% of expenses). Other salaries and wages came to $80k. At year end it held assets of $138k against liabilities of $0, net assets of $138k. It reported 5 employees.