Somos Siembra

Analysis

Somos Siembra is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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, Somos Siembra reported income of $1.4m and spending of $1.2m, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $2.0m to $1.4m (-30%), an average of -30% a year. The sharpest change came in the year to December 2023, when income dropped by 30%. Over the whole period it spent 44% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Somos Siembra sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within NC. Charities of a similar size with the same main cause include City Impact Inc ($1.4m), Court Appointed Special Advocates of Sacramento County ($1.4m) and The 100 Club Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $124k (10.0% of expenses). Other salaries and wages came to $423k. It paid $7,550 in professional fundraising fees. At year end it held assets of $3.0m against liabilities of $585k, net assets of $2.4m.