Soteria Innovative Solutions

Analysis

Soteria Innovative Solutions is a registered charity in United States, based in Centennial, CO. It received its IRS tax-exemption ruling in November 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Soteria Innovative Solutions reported income of $1.3m and spending of $1.4m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $903k to $1.3m (+42%), an average of +9.1% a year. The sharpest change came in the year to December 2020, when income rose by 37%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Soteria Innovative Solutions sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within CO. Charities of a similar size with the same main cause include Mision Para Cristo Inc ($1.3m), Global Aid Inc ($1.3m) and University Community Childcare Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $228k (16% of expenses). Other salaries and wages came to $584k. At year end it held assets of $228k against liabilities of $58k, net assets of $170k. It reported 18 employees.