990 Scout/ Somarts/ Financials

Financial Information for Somarts

Somarts's annual revenue was $2.8M in tax year 2024, reported on their IRS Form 990. They spent $3.0M in total expenses. 80% went to programs and services.

Financial Breakdown

What is Somarts's total annual expenses?

Somarts spent $3.0M in tax year 2024, according to their IRS Form 990 filing.

How much of Somarts's budget goes to programs?

Somarts spent $2.4M (80% of expenses) on programs and services in tax year 2024.

How much does Somarts spend on overhead?

Somarts's overhead in tax year 2024 includes administrative (15%) and fundraising (4%) of their expenses.

What is Somarts's net worth?

Somarts had net assets of $889K as of the end of tax year 2024.

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All figures are reported on the organization's IRS Form 990 filing and are public record. Revenue and expense data come from Form 990 Part I, and asset data comes from the balance sheet section. These are filed amounts as reported by the organization.