Soul of Nations Inc

Analysis

Soul of Nations Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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, Soul of Nations Inc reported income of $179k and spending of $168k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $127k to $179k (+41%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 95% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Soul of Nations Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within NY. Charities of a similar size with the same main cause include CT Premier Water Polo Club ($179k), World Lolei Incorporation ($179k) and Camp Jabali Inc ($179k).

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 $56k against liabilities of $0, net assets of $56k.