Marc A Somberg Memorial Foundation is a 501(c)(3) organization based in Pittsburgh, Pennsylvania, registered in 1996, with $10,319 in FY2024 revenue. CharityIndex grades it F.
Revenue (FY2024)
$10K
▲ 76.8% vs prior year
Human Services median: $293K
Expenses (FY2024)
$23K
Net assets
$272K
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Marc A Somberg Memorial Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Marc A Somberg Memorial Foundation: 144 mo reserves · -119% margin earns a F on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Marc A Somberg Memorial Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Marc A Somberg Memorial Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue declined from $24K (FY2013) to $10K (FY2024) across 12 reported years.
Financial snapshot
Operating margin
-119.3%
Spent more than it raised in the latest fiscal year.
Total assets
$275K
Total liabilities
$3,000
Net assets
$272K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $10,319▲76.8% | $22,628▼0.6% | $271,859▼4.3% | $274,859▼3.3% | 990PF |
| 2023 | $5,838▼83.3% | $22,766▼0.1% | $284,168▼5.6% | $284,168▼5.6% | 990PF |
| 2022 | $34,982▲37.4% | $22,782▼34.9% | $301,096▲4.2% | $301,096▼0.9% | 990PF |
| 2021 | $25,459▲138% | $35,008▲0.4% | $288,896▼3.2% | $303,896▼3.0% | 990PF |
| 2020 | $10,702▼50.9% | $34,880▲10.1% | $298,445▼7.5% | $313,445▼2.8% | 990PF |
| 2019 | $21,809▼68.8% | $31,667▼11.0% | $322,623▼3.0% | $322,623▼3.0% | 990PF |
| 2018 | $69,894▲247% | $35,582▲27.6% | $332,481▲11.5% | $332,481▲11.5% | 990PF |
| 2017 | $20,131▲168% | $27,896▲63.4% | $298,169▼2.5% | $298,169▼2.5% | 990PF |
| 2016 | $7,521▼63.1% | $17,068▼40.8% | $305,934▼3.0% | $305,934▼3.0% | 990PF |
| 2015 | $20,388▼26.8% | $28,821▼0.3% | $315,481▼2.6% | $315,481▼2.6% | 990PF |
| 2014 | $27,862▲15.9% | $28,894▼0.5% | $323,914▼0.3% | $323,914▼0.3% | 990PF |
| 2013 | $24,045 | $29,032▲56.0% | $324,946▼5.3% | $324,946▼5.3% | 990PF |
| 2011 | — | $18,616 | $343,142 | $343,142 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for Marc A Somberg Memorial Foundation (EIN 11-3295557) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.