Soaring Spirits International

Analysis

Soaring Spirits International is a registered charity in United States, based in Simi Valley, CA. It received its IRS tax-exemption ruling in December 2008, 18 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2022, Soaring Spirits International reported income of $1.1m and spending of $942k, spending 89% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $646k to $1.1m (+64%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 122%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Soaring Spirits International sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Haitian Global Health Alliance Inc ($1.1m), Lutheran Seniorlife Foundation ($1.1m) and Community Foundation of Pulaski Inc ($1.1m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 56% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $90k (9.6% of expenses). Other salaries and wages came to $346k. At year end it held assets of $160k against liabilities of $109k, net assets of $51k. It reported 1 employees.