Soulformation

Analysis

Soulformation is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in May 2006, 20 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Soulformation reported income of $793k and spending of $741k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $739k to $793k (+7.3%), an average of +1.8% a year. The sharpest change came in the year to December 2021, when income dropped by 17%. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Soulformation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within OR. Charities of a similar size with the same main cause include Inter-Church Organization Inc ($792k), Sammy Tippit Ministries ($793k) and Sivananda Yoga Vedanta Center ($792k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $85k (11% of expenses). At year end it held assets of $454k against liabilities of $18k, net assets of $436k. It reported 8 employees.