Soar Charter School

Analysis

Soar Charter School is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in April 2010, 16 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 School reported income of $8.2m and spending of $7.1m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.1m to $8.2m (+61%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 23%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Soar Charter School 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 CO. Charities of a similar size with the same main cause include Oceanside Collegiate Academy Inc ($8.2m), Shift Education ($8.2m) and V M I Keydet Club ($8.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 78% of the total. Other salaries and wages came to $3.7m. At year end it held assets of $6.6m against liabilities of $2.8m, net assets of $3.8m. It reported 84 employees.