Soldier on Inc

Analysis

Soldier on Inc is a registered charity in United States, based in Pittsfield, MA. It received its IRS tax-exemption ruling in February 1996, 30 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Soldier on Inc reported income of $17.4m and spending of $17.6m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.7m to $17.4m (+37%), an average of +8.2% a year. The sharpest change came in the year to June 2023, when income rose by 30%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Soldier on Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MA. Charities of a similar size with the same main cause include Community Hospital Inc ($17.4m), Vista Grande Villa ($17.4m) and Northwest Christian School ($17.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 6.0% of the total. Compensation of current officers, directors and key employees was $972k (5.5% of expenses). Other salaries and wages came to $6.2m. At year end it held assets of $4.8m against liabilities of $3.1m, net assets of $1.7m. It reported 169 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.