Soteria Precision Medicine Foundation Inc

Analysis

Soteria Precision Medicine Foundation Inc is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover health care, 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, Soteria Precision Medicine Foundation Inc reported income of $415k and spending of $491k, spending 118% of what it took in. Across the 3 years on record, from December 2020 to December 2022, income fell from $481k to $415k (-14%), an average of -7.1% a year. The sharpest change came in the year to December 2022, when income rose by 74%. Over the whole period it spent 106% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Soteria Precision Medicine Foundation Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include Kokua Care Foundation ($415k), Turning Point Womens Counseling and Advocacy Center Incorporated ($415k) and Washed Clean Addiction and Recovery Ministries ($415k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 94% and program service revenue 5.9% of the total. Compensation of current officers, directors and key employees was $228k (46% of expenses). Other salaries and wages came to $35k. At year end it held assets of $47k against liabilities of $119k, net assets of -$72k.