Soaring Unlimited

Analysis

Soaring Unlimited is a registered charity in United States, based in Eaton Rapids, MI. It received its IRS tax-exemption ruling in March 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Soaring Unlimited reported income of $362k and spending of $367k, spending 101% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $206k to $362k (+76%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 138%. Over the whole period it spent 67% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Soaring Unlimited sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within MI. Charities of a similar size with the same main cause include Collaboration Station ($362k), Voice of Including Community Equitably ($362k) and Community Helpers USA ($362k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 66% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $42k (12% of expenses). Other salaries and wages came to $7,000. At year end it held assets of $745k against liabilities of $1,339, net assets of $744k. It reported 1 employees.