Sokol Spirit

Analysis

Sokol Spirit is a registered charity in United States, based in Brookfield, IL. It received its IRS tax-exemption ruling in December 2012, 14 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sokol Spirit reported income of $113k and spending of $117k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $118k to $113k (-3.8%), an average of -1.0% a year. The sharpest change came in the year to December 2021, when income rose by 125%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sokol Spirit sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 41st percentile within IL. Charities of a similar size with the same main cause include PTA Texas Congress ($113k), Crown School R & D Inc ($113k) and Interfaith Christian Union Inc ($113k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.0% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $1,300 (1.1% of expenses). Other salaries and wages came to $20k. At year end it held assets of $625k against liabilities of $0, net assets of $625k. It reported 16 employees.