Somali American Council Of Oregon
EIN: 320338616 · Portland, OR · NTEE: Q20
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $898K |
| Net Assets | $477K |
Is Somali American Council Of Oregon Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Somali American Council Of Oregon
Somali American Council Of Oregon (EIN: 320338616) is a nonprofit organization based in Portland, OR, classified under NTEE code Q20. The organization reported total revenue of $1.8M and total assets of $625K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Somali American Council Of Oregon's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Somali American Council Of Oregon is a mid-size nonprofit that has been operating for 11 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 10.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $898K |
| Surplus / Deficit | +$240K |
| Total Assets | $482K |
| Total Liabilities | $5K |
| Net Assets | $477K |
| Operating Margin | 21.1% |
| Debt-to-Asset Ratio | 0.9% |
| Months of Reserves | 6.4 months |
Financial Health Grade: A
In 2023, Somali American Council Of Oregon reported a surplus of $240K with revenue exceeding expenses, holds 6.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.9% (very low leverage).
Financial Trends
Over 3 years of filings (2021–2023), Somali American Council Of Oregon's revenue has grown at a compound annual growth rate (CAGR) of 10.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +186.7% | +53.0% | +127.6% |
| 2022 | -57.7% | -1.9% | -46.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Somali American Council Of Oregon has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Somali American Council Of Oregon with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $240K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.9%.
Frequently Asked Questions about Somali American Council Of Oregon
Is Somali American Council Of Oregon a legitimate charity?
Based on AI analysis of IRS 990 filings, Somali American Council Of Oregon (EIN: 320338616) insufficient data. 0 red flags identified, 0 strengths noted.
How does Somali American Council Of Oregon spend its money?
Detailed spending breakdown data is not yet available for Somali American Council Of Oregon. Check back for updated IRS 990 analysis.
Are donations to Somali American Council Of Oregon tax-deductible?
Somali American Council Of Oregon is registered as a tax-exempt nonprofit (EIN: 320338616). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Somali American Council Of Oregon located?
Somali American Council Of Oregon is headquartered in Portland, Oregon and files with the IRS under EIN 320338616. It is classified under NTEE code Q20.
How many years of IRS 990 filings does Somali American Council Of Oregon have?
Somali American Council Of Oregon has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $1.8M in total revenue.
Filing History
IRS 990 filing history for Somali American Council Of Oregon showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Somali American Council Of Oregon's revenue has grown by 21.3%, moving from $939K to $1.1M. Total assets increased by 22.7% over the same period, from $392K to $482K. Total functional expenses rose by 50.1%, from $598K to $898K. In its most recent filing year (2023), Somali American Council Of Oregon reported a surplus of $240K, with revenue exceeding expenses. The organization holds $5K in liabilities against $482K in assets (debt-to-asset ratio: 0.9%), resulting in net assets of $477K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $898K | $482K | $5K | — | View 990 |
| 2022 | $397K | $587K | $212K | $12K | — | View 990 |
| 2021 | $939K | $598K | $392K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $898K, and assets of $482K (revenue +186.7% year-over-year).
- 2022: Revenue of $397K, expenses of $587K, and assets of $212K (revenue -57.7% year-over-year).
- 2021: Revenue of $939K, expenses of $598K, and assets of $392K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Somali American Council Of Oregon:
Data Sources and Methodology
This transparency report for Somali American Council Of Oregon is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.