Soar Charter Academy

Analysis

Soar Charter Academy is a registered charity in United States, based in SN Bernrdno, CA. It received its IRS tax-exemption ruling in April 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Soar Charter Academy reported income of $8.1m and spending of $8.1m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.9m to $8.1m (+38%), an average of +8.5% a year. The sharpest change came in the year to June 2023, when income rose by 23%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Soar Charter Academy sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include The Tim Reynolds Foundation ($8.1m), Lehigh Valley Dual Language Charter School ($8.1m) and Pelican Educational Foundation Inc ($8.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $369k (4.5% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $5.4m against liabilities of $2.7m, net assets of $2.7m. It reported 82 employees.