Somiech Noflim Foundation Inc

Analysis

Somiech Noflim Foundation Inc is a registered charity in United States, based in Highland MLS, NY. It received its IRS tax-exemption ruling in July 2021, 5 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Somiech Noflim Foundation Inc reported income of $94k and spending of $77k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $72k to $94k (+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 90% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Somiech Noflim Foundation Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 35th percentile within NY. Charities of a similar size with the same main cause include Garrett B Smith Foundation ($94k), Kdm5c Kares Foundation Inc ($94k) and One Solider at a Time ($94k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $23k against liabilities of $8,245, net assets of $15k.