S O S Support Our Scholars Inc

Analysis

S O S Support Our Scholars Inc is a registered charity in United States, based in Maitland, FL. It received its IRS tax-exemption ruling in February 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2022, S O S Support Our Scholars Inc reported income of $1.4m and spending of $976k, leaving 28% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $575k to $1.4m (+136%), an average of +33% a year. The sharpest change came in the year to December 2021, when income rose by 80%. Over the whole period it spent 71% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, S O S Support Our Scholars Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within FL. Charities of a similar size with the same main cause include Kenosha Christian Academy ($1.4m), Spring Bilingual Montessouri Academy ($1.4m) and International Association of Industrial Accident Boards & Commi ($1.4m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 107% of the total. Compensation of current officers, directors and key employees was $70k (7.2% of expenses). Other salaries and wages came to $212k. It paid $48k in professional fundraising fees. At year end it held assets of $2.0m against liabilities of $543k, net assets of $1.5m. It reported 10 employees.