Somebodys Attic Incorporated

Analysis

Somebodys Attic Incorporated is a registered charity in United States, based in Logan, UT. It received its IRS tax-exemption ruling in December 1988, 38 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, Somebodys Attic Incorporated reported income of $690k and spending of $709k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $427k to $690k (+62%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 65%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Somebodys Attic Incorporated sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within UT. Charities of a similar size with the same main cause include Willing Hearts Day Care ($690k), Prevention Now Inc ($690k) and Hand in Hand Child Development of Alvin Inc ($690k).

Compensation of current officers, directors and key employees was $75k (11% of expenses). Other salaries and wages came to $247k. At year end it held assets of $457k against liabilities of $14k, net assets of $443k. It reported 19 employees.