International Soap Box Derby Inc

Analysis

International Soap Box Derby Inc is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in November 2000, 26 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 September 2023, International Soap Box Derby Inc reported income of $1.2m and spending of $1.4m, spending 114% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.6m to $1.2m (-23%), an average of -6.4% a year. The sharpest change came in the year to September 2021, when income rose by 86%. Over the whole period it spent 97% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, International Soap Box Derby Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within OH. Charities of a similar size with the same main cause include Arete Education Inc ($1.2m), Uvalde County Junior Livestock Show Association ($1.2m) and Progressive Agriculture Foundation ($1.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 48% and program service revenue 31% of the total. Other salaries and wages came to $374k. At year end it held assets of $2.7m against liabilities of $467k, net assets of $2.2m. It reported 19 employees.