Support Our Aging Religious Inc Soar

Analysis

Support Our Aging Religious Inc Soar is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 June 2024, Support Our Aging Religious Inc Soar reported income of $7.0m and spending of $6.0m, spending 85% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $2.9m to $7.0m (+137%), an average of +19% a year. The sharpest change came in the year to June 2022, when income rose by 54%. Over the whole period it spent 76% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Support Our Aging Religious Inc Soar sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MD. Charities of a similar size with the same main cause include Faith and Learning International NFP ($7.0m), Faith and Liberty Discovery Center LLC ($7.0m) and Torah Center for Higher Rabbinical Studies Inc ($7.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 90% of the total. Other salaries and wages came to $639k. At year end it held assets of $8.9m against liabilities of $16k, net assets of $8.9m. It reported 7 employees.