Nonprofit screen
Screen a listSomerset Economic Development Corporation
Can you give?
Listed with the IRS. Every screen came back clear.
A 501(c)(3) on Publication 78 and the IRS master file.
- IRS listing
- Listed
- Revocation
- None
- IRS files
- Agree
- Sanctions
- No match
- IRS bulletin
- No notice
- California
- No record
- Charity type
- 509(a)(1)
$440krevenue
FY2024 · +62% in 3 yrs2staff
8 of 8years filed
’17’18’19’20’21’22’23’24
Revenue and spendingRevenueSpendingDeficit
Against similar nonprofits FY2024
Operating margin−20.4%
Months of reserve57.9mo
Revenue growth (annualized)+4.1%
Middle half of peersMedianSomerset Economic Development
Where the money goes FY2024 · $530k spent
Programs$490k93%Management and general$39k7%990 FY2024 · Part IX line 25
Worth checking2
Government grants fell 76% in FY2023
$469k in FY2022, $113k in FY2023.
990 Part VIIIDeficits in 2 of the last 3 years
−$5k in FY2023 and −$90k in FY2024. Cash covers 57.9 months, above the peer median of 6.9.
990 Part I and balance sheetIn its favor
None found in the filings.
5funders
$107ka year, last 3 years
95%from its largest funder
Funder’17’18’19’20’21’22’23Franklin Savings Bank Community Development FoundationOn and off$6kDonor-advised giftsDonors not disclosed$160k$7k$15k1 other fundersUp to $291k a year each$291k$14k
FundedThrough a donor-advised fund