Sophia Code Foundation

Analysis

Sophia Code Foundation is a registered charity in United States, based in Cedar City, UT. It received its IRS tax-exemption ruling in May 2024, 2 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sophia Code Foundation reported income of $61k and spending of $92k, spending 150% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $694k to $61k (-91%), an average of -55% a year. The sharpest change came in the year to December 2023, when income dropped by 87%. Over the whole period it spent 7.3% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Sophia Code Foundation 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 23rd percentile within UT. Charities of a similar size with the same main cause include Life Bridge Ministries ($61k), Living Free Ministries ($61k) and Heavenly Holiday Ministries Inc ($61k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.