Somali Community Link Inc

Analysis

Somali Community Link Inc is a registered charity in United States, based in Columbus, OH. 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 2022, Somali Community Link Inc reported income of $2.7m and spending of $2.3m, spending 85% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $541k to $2.7m (+401%), an average of +401% a year. The sharpest change came in the year to December 2022, when income rose by 401%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Somali Community Link Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within OH. Charities of a similar size with the same main cause include Calvary Childrens Home Inc ($2.7m), Early Beginnings ($2.7m) and America World Adoption Association ($2.7m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $142k (6.2% of expenses). Other salaries and wages came to $28k. At year end it held assets of $484k against liabilities of $554, net assets of $484k. It reported 2 employees.