Souleader Resources

Analysis

Souleader Resources is a registered charity in United States, based in Queen Creek, AZ. It received its IRS tax-exemption ruling in December 2003, 23 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Souleader Resources reported income of $175k and spending of $190k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $135k to $175k (+29%), an average of +6.6% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 106% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Souleader Resources sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within AZ. Charities of a similar size with the same main cause include Reform Temple of Laguna Woods ($175k), Claywood Event Center Inc ($175k) and Catholic Healthcare International ($175k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $120k (63% of expenses). At year end it held assets of $45k against liabilities of $33k, net assets of $12k. It reported 1 employees.