Soaring Eage Community Development Corp

Analysis

Soaring Eage Community Development Corp is a registered charity in United States, based in Waukegan, IL. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Soaring Eage Community Development Corp reported income of $141k and spending of $141k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $97k to $141k (+45%), an average of +46% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Soaring Eage Community Development Corp 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 46th percentile, and in the 46th percentile within IL. Charities of a similar size with the same main cause include Brooklyn on Fun Association USA Inc ($141k), Iman Foundation ($141k) and Baltimore Rotary Foundation Inc ($141k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.