Soar Columbia

Analysis

Soar Columbia is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Soar Columbia reported income of $330k and spending of $308k, spending 93% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $261k to $330k (+26%), an average of +12% a year. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Soar Columbia sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 68th percentile within SC. Charities of a similar size with the same main cause include One Way Out Ministries Inc ($330k), Mission of Mary Cooperative ($330k) and Chabad at the Medical Centers ($330k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.2% and program service revenue 97% of the total. Other salaries and wages came to $100k. At year end it held assets of $130k against liabilities of $32k, net assets of $97k. It reported 7 employees.