Soul2soulz Inc

Analysis

Soul2soulz Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 2010, 16 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 June 2024, Soul2soulz Inc reported income of $61k and spending of $80k, spending 130% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income fell from $70k to $61k (-13%), an average of -6.5% a year. The sharpest change came in the year to June 2023, when income rose by 48%. Over the whole period it spent 103% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Soul2soulz Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 26th percentile within NY. Charities of a similar size with the same main cause include Love Your Neighbor Asia Corporation ($61k), Kitchen Possible Inc ($61k) and Bridge Builders Alabama ($61k).

On its Form 990-EZ for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $26k against liabilities of $9,270, net assets of $17k.