Sos American Foundation Inc

Analysis

Sos American Foundation Inc is a registered charity in United States, based in Scranton, PA. It received its IRS tax-exemption ruling in February 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Sos American Foundation Inc reported income of $237k and spending of $259k, spending 109% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $144k to $237k (+64%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 163%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sos American Foundation Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within PA. Charities of a similar size with the same main cause include Humanitarian Innovation Group Inc ($237k), Jackson County Sheriffs Auxiliary Fund ($237k) and Everyones Wilson ($237k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $31k (12% of expenses). At year end it held assets of $57k against liabilities of $64k, net assets of -$6,683. It reported 1 employees.