Soar Educational Enrichment Inc

Analysis

Soar Educational Enrichment Inc is a registered charity in United States, based in Salisbury, CT. It received its IRS tax-exemption ruling in November 2014, 12 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, Soar Educational Enrichment Inc reported income of $117k and spending of $105k, spending 90% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $115k to $117k (+1.8%), an average of +1.8% a year. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Soar Educational Enrichment Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within CT. Charities of a similar size with the same main cause include Shuter Library of Angel Fire ($117k), Mid-Atlantic Quality Assurance Workshop Inc ($117k) and Slippery Rock Community Library ($117k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 68% and program service revenue 32% of the total. At year end it held assets of $148k against liabilities of $1,564, net assets of $147k.