Soaring Society of America Foundation

Analysis

Soaring Society of America Foundation is a registered charity in United States, based in Hobbs, NM. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Soaring Society of America Foundation reported income of $303k and spending of $379k, spending 125% of what it took in. The sharpest change came in the year to December 2021, when income rose by 2000%. Over the whole period it spent 36% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Soaring Society of America Foundation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within NM. Charities of a similar size with the same main cause include Denville Police Athletic League ($303k), Bpva Piranhas ($303k) and Colorado Discover Ability ($302k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% of the total. At year end it held assets of $7.6m against liabilities of $6,054, net assets of $7.6m.