Somali Medical Association of America

Analysis

Somali Medical Association of America is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 Medical Association of America reported income of $345k and spending of $268k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $244k to $345k (+41%), an average of +41% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Somali Medical Association of America sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within MN. Charities of a similar size with the same main cause include Edwin Fair Community Mental Health Center Inc ($345k), Yellow House Foundation ($345k) and Gino Macchio Foundation Inc ($345k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $46k (17% of expenses). Other salaries and wages came to $124k. At year end it held assets of $44k against liabilities of $719, net assets of $43k.