Soaringwords Inc

Analysis

Soaringwords Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2002, 24 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, Soaringwords Inc reported income of $64k and spending of $79k, spending 123% of what it took in. Across the 3 years on record, from December 2020 to December 2023, income fell from $270k to $64k (-76%), an average of -51% a year. The sharpest change came in the year to December 2022, when income dropped by 65%. Over the whole period it spent 76% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Soaringwords Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 27th percentile within NY. Charities of a similar size with the same main cause include Canby Community Clinic Inc ($64k), United Front Against River Blindness ($64k) and Archedream for Humankind Inc ($64k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $19k against liabilities of $31k, net assets of -$12k.