So Kids Soar

Analysis

So Kids Soar is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 2014, 12 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, So Kids Soar reported income of $348k and spending of $264k, leaving 24% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $161k to $348k (+116%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 56%. Over the whole period it spent 88% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, So Kids Soar sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 38th percentile within DC. Charities of a similar size with the same main cause include Westminster at Wade Inc ($348k), San Juan Junior Livestock Inc ($348k) and Evelyn Moon Crisis Shelter ($347k).

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 $105k (40% of expenses). At year end it held assets of $273k against liabilities of $36k, net assets of $237k. It reported 1 employees.