Sos Inc

Analysis

Sos Inc is a registered charity in United States, based in New Braunfels, TX. It received its IRS tax-exemption ruling in January 1995, 31 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 December 2023, Sos Inc reported income of $375k and spending of $93k, leaving 75% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $302k to $375k (+24%), an average of +7.4% a year. The sharpest change came in the year to December 2023, when income rose by 72%. Over the whole period it spent 28% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sos Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include Give a Slice ($374k), African Refuge Inc ($375k) and Kingdom Life Recovery Missouri ($374k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $1.3m against liabilities of $12k, net assets of $1.3m.