Soul Friends Inc

Analysis

Soul Friends Inc is a registered charity in United States, based in Yalesville, CT. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 2023, Soul Friends Inc reported income of $190k and spending of $187k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $245k to $190k (-23%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 23%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Soul Friends Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within CT. Charities of a similar size with the same main cause include Lets Smile ($190k), Inflammatory Breast Cancer Research Foundation ($190k) and Gwendolyns Gifts ($190k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 72% of the total. At year end it held assets of $34k against liabilities of $1,500, net assets of $32k.