Soulistic Medical Institute

Analysis

Soulistic Medical Institute is a registered charity in United States, based in Tubac, AZ. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Soulistic Medical Institute reported income of $12.6m and spending of $12.7m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.2m to $12.6m (+74%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Soulistic Medical Institute sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within AZ. Charities of a similar size with the same main cause include Pinnacle Family Health Inc ($12.6m), Lankenau Medical Center Foundation ($12.6m) and City of Lakes Care Center ($12.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Other salaries and wages came to $4.1m. At year end it held assets of $3.6m against liabilities of $1.6m, net assets of $2.0m. It reported 133 employees.