Soulteam Inc

Analysis

Soulteam Inc is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in June 2004, 22 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Soulteam Inc reported income of $215k and spending of $176k, spending 82% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $230k to $215k (-6.6%), an average of -2.2% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 69% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Soulteam Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 57th percentile within OK. Charities of a similar size with the same main cause include Ben Nobles Ministries ($215k), Ronnie Tullos Evangelistic Association Inc ($215k) and Interfaith Council of Alameda County ($215k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 109% of the total. Compensation of current officers, directors and key employees was $80k (45% of expenses). At year end it held assets of $444k against liabilities of $120k, net assets of $324k.