Southern California Soaring Academy Inc

Analysis

Southern California Soaring Academy Inc is a registered charity in United States, based in Valencia, CA. It received its IRS tax-exemption ruling in January 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Southern California Soaring Academy Inc reported income of $429k and spending of $560k, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $496k to $429k (-14%), an average of -3.6% a year. The sharpest change came in the year to December 2020, when income rose by 93%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Southern California Soaring Academy Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Seven Lakes High School Athletic Booster Club ($429k), Center for Companies That Care ($429k) and Solidarity ($429k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $105k (19% of expenses). Other salaries and wages came to $96k. At year end it held assets of $1.2m against liabilities of $893, net assets of $1.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.