Somali American Community Center of Colorado

Analysis

Somali American Community Center of Colorado is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in May 2000, 26 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 July 2024, Somali American Community Center of Colorado reported income of $191k and spending of $208k, spending 109% of what it took in. Across the 3 years on record, from July 2021 to July 2024, income fell from $237k to $191k (-19%), an average of -10% a year. The sharpest change came in the year to July 2023, when income dropped by 21%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Somali American Community Center of Colorado sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 49th percentile within CO. Charities of a similar size with the same main cause include Orthopedic Shoulder and Elbow Foundation ($191k), Defiance County Residential Housing Inc ($191k) and Tan S Treats Inc ($191k).

On its Form 990-EZ for the period ending July 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $83k against liabilities of $13k, net assets of $70k.