Soar for Youth

Analysis

Soar for Youth is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in June 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Soar for Youth reported income of $791k and spending of $574k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $499k to $791k (+59%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 65% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Soar for Youth sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Global Heart Ministries Inc ($790k), St Vincent de Paul Educational Foundation ($791k) and Hispanic Affairs Project ($790k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $130k. At year end it held assets of $1.5m against liabilities of $5,754, net assets of $1.5m. It reported 3 employees.