Soce Neighborhood Action Foundation

Analysis

Soce Neighborhood Action Foundation is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Soce Neighborhood Action Foundation reported income of $466k and spending of $601k, spending 129% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $238k to $466k (+96%), an average of +25% a year. The sharpest change came in the year to December 2021, when income rose by 100%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Soce Neighborhood Action Foundation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within KS. Charities of a similar size with the same main cause include Julian Volunteer Fire and Rescue Department Inc ($466k), New Hampshire World Fellowship Center Inc ($466k) and Arizona Town Hall ($466k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $109k (18% of expenses). Other salaries and wages came to $271k. At year end it held assets of $941k against liabilities of $744k, net assets of $197k. It reported 12 employees.