Somerset Sober Living Inc

Analysis

Somerset Sober Living Inc is a registered charity in United States, based in West Somerset, KY. It received its IRS tax-exemption ruling in March 2020, 6 years ago. 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, Somerset Sober Living Inc reported income of $110k and spending of $113k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $85k to $110k (+30%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Somerset Sober Living Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within KY. Charities of a similar size with the same main cause include Youth Orchestras of Central Virginia Inc ($110k), Operation Patriot Support Inc ($110k) and Historical Society of Millersburg and Upper Paxton Township ($110k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 43% of the total. At year end it held assets of $14k against liabilities of $4,469, net assets of $9,869.