Soulshine America Corporation

Analysis

Soulshine America Corporation is a registered charity in United States, based in Coram, NY. It received its IRS tax-exemption ruling in July 2017, 9 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 2022, Soulshine America Corporation reported income of $276k and spending of $275k, spending 100% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $229k to $276k (+20%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 20%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Soulshine America Corporation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include Aransas County Medical Services Inc ($276k), Griffin Cares Foundation ($276k) and Free Medical Clinic of Aiken County ($276k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 71% and program service revenue 29% of the total. At year end it held assets of $24k against liabilities of $0, net assets of $24k.