Somali Bridge

Analysis

Somali Bridge is a registered charity in United States, based in Maple Valley, WA. It received its IRS tax-exemption ruling in February 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Somali Bridge reported income of $78k and spending of $86k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $97k to $78k (-20%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 20%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Somali Bridge sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 26th percentile within WA. Charities of a similar size with the same main cause include Teenagers Plus ($78k), Hills and Hollers Ministries Inc ($78k) and Youthexpress New Mexico ($78k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $669 against liabilities of $0, net assets of $669.