Mountain Island Charter School Soar Foundation

Analysis

Mountain Island Charter School Soar Foundation is a registered charity in United States, based in Mount Holly, NC. It received its IRS tax-exemption ruling in November 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Mountain Island Charter School Soar Foundation reported income of $3.0m and spending of $2.8m, spending 95% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $2.0m to $3.0m (+51%), an average of +8.7% a year. Over the whole period it spent 116% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mountain Island Charter School Soar Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NC. Charities of a similar size with the same main cause include Lighthouse Writers Workshop Inc ($3.0m), Career Edvantage ($3.0m) and Harmony Academy ($3.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 15% and program service revenue 77% of the total. At year end it held assets of $33.3m against liabilities of $30.9m, net assets of $2.4m.