Soho Center for Arts and Education Inc

Analysis

Soho Center for Arts and Education Inc is a registered charity in United States, based in Madison, VA. It received its IRS tax-exemption ruling in January 1987, 39 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Soho Center for Arts and Education Inc reported income of $4.5m and spending of $4.5m, spending 101% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $4.6m to $4.5m (-3.0%), an average of -0.8% a year. The sharpest change came in the year to June 2024, when income rose by 85%. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Soho Center for Arts and Education Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within VA. Charities of a similar size with the same main cause include El Paso Academy East Inc ($4.5m), Episcopal School of Nashville ($4.5m) and Community Partnership School ($4.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $120k (2.7% of expenses). At year end it held assets of $1.6m against liabilities of $538k, net assets of $1.0m. It reported 1 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.