Akron Soul Train

Analysis

Akron Soul Train is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Akron Soul Train reported income of $109k and spending of $141k, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $81k to $109k (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2022, when income rose by 27%. Over the whole period it spent 119% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Akron Soul Train sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 40th percentile within OH. Charities of a similar size with the same main cause include Attic Theatre Inc ($109k), Elloree Heritage Museums Cultural Center Inc ($109k) and Giving Light ($109k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 104% and program service revenue 3.0% of the total. Other salaries and wages came to $79k. At year end it held assets of $103k against liabilities of $49k, net assets of $54k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.