Kids Soar

Analysis

Kids Soar is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in July 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Kids Soar reported income of $389k and spending of $455k, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $114k to $389k (+240%), an average of +36% a year. The sharpest change came in the year to June 2020, when income rose by 246%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kids Soar sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within VA. Charities of a similar size with the same main cause include Hearts & Hoofbeats Inc ($389k), Zamzam Knowledge Academy Inc ($389k) and The Vine Early Learning Inc ($389k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 4.2% of the total. Other salaries and wages came to $259k. At year end it held assets of $45k against liabilities of $25k, net assets of $20k. It reported 13 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.