Soteni Inc

Analysis

Soteni Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in November 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 March 2024, Soteni Inc reported income of $327k and spending of $313k, spending 96% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $298k to $327k (+9.6%), an average of +2.3% a year. The sharpest change came in the year to March 2024, when income rose by 117%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Soteni Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within OH. Charities of a similar size with the same main cause include Latino Community Development Center ($327k), Aidchild Inc ($327k) and Metro St Louis Community Tax Coalition Inc ($327k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $33k (10% of expenses). At year end it held assets of $201k against liabilities of $54k, net assets of $148k. It reported 1 employees.