Public Charity

THE SOMO PROJECT

THE SOMO PROJECT, of NEW YORK, NY, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $1.1M in revenue, $902K in expenses, $1.4M in total assets. 19 publicly reported grants to this organization, totaling roughly $1.3M, appear in IRS filings.

EIN: 464140758 NEW YORK, NY Latest filing: 2024
Total Revenue$1.1M
Total Expenses$902K
Total Assets$1.4M
Grant Records19
Funding Total$1.3M
Filing Years2020–2024

Mission

THE SOMO PROJECT PROVIDES TRAINING, MENTORSHIP AND CAPITAL TO IMPACT ENTREPRENEURS BUILDING BUSINESSES OUT OF LOW-INCOME URBAN AREAS.

Officers & Directors

CEO Amelia Hopkins Phillips
SECRETARY Brittany Ryden
BOARD MEMBER Charles Warria
BOARD CHAIR Edel Were
BOARD MEMBER Eskor John
BOARD MEMBER Fiona Kirubi

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$700,000 1 grant
GENERAL SUPPORT
$225,000 3 grants
PROJECT SUPPORT
$104,000 1 grant
For grant recipient's exempt purposes
$102,745 7 grants
GENERLA SUPPORT
$100,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $1.1M $902K $1.4M
2023 $1.1M $965K $997K
2022 $1.0M $751K $855K
2021 $657K $643K $621K
2020 $543K $339K $394K

Between 2020 and 2024, reported annual revenue grew from $543K to $1.1M (+97%), with total assets most recently reported at $1.4M.

Interactive year-over-year charts and full filing details available with membership.

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