Soberscove Press

Analysis

Soberscove Press is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Soberscove Press reported income of $69k and spending of $45k, leaving 35% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $81k to $69k (-15%), an average of -15% a year. Over the whole period it spent 64% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Soberscove Press sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within IL. Charities of a similar size with the same main cause include Royal Albert Hall America Inc ($69k), Bristol Friends of the Arts Inc ($69k) and Lina Liu Artist Group a NJ Nonprofit Corporation ($69k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 33% of the total. At year end it held assets of $159k against liabilities of $149k, net assets of $11k.