Preparing to Soar Inc

Analysis

Preparing to Soar Inc is a registered charity in United States, based in Smithfield, NC. It received its IRS tax-exemption ruling in April 2011, 15 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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 June 2024, Preparing to Soar Inc reported income of $136k and spending of $133k, spending 98% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $123k to $136k (+10%), an average of +10% a year. Over the whole period it spent 98% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Preparing to Soar Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within NC. Charities of a similar size with the same main cause include Pulaski County Friends of Casa Inc ($136k), Realness Project ($136k) and Montgomery Bar Foundation ($136k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 98% of the total. At year end it held assets of $6,264 against liabilities of $0, net assets of $6,264.