S O S Inc

Analysis

S O S Inc is a registered charity in United States, based in Emporia, KS. It received its IRS tax-exemption ruling in March 1981, 45 years ago. 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, S O S Inc reported income of $2.1m and spending of $2.1m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.8m to $2.1m (-24%), an average of -6.5% a year. The sharpest change came in the year to December 2021, when income dropped by 28%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, S O S Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within KS. Charities of a similar size with the same main cause include Falmouth Housing Trust Inc ($2.1m), Meals on Wheels of Sarasota Inc ($2.1m) and New Beginnings Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $169k (8.1% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $4.5m against liabilities of $100k, net assets of $4.4m. It reported 59 employees.