Soho Think Tank Inc

Analysis

Soho Think Tank Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1997, 29 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 August 2023, Soho Think Tank Inc reported income of $362k and spending of $519k, spending 143% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $289k to $362k (+25%), an average of +5.7% a year. The sharpest change came in the year to August 2022, when income rose by 181%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Soho Think Tank Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Native American and Indigenous Studies Association Inc ($362k), Cleveland School of the Arts Board of Trustees ($362k) and Lanesville Heritage Weekend Inc ($362k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 63% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $55k (11% of expenses). Other salaries and wages came to $170k. At year end it held assets of $169k against liabilities of $32k, net assets of $137k. It reported 15 employees.