Sogal Foundation

Analysis

Sogal Foundation is a registered charity in United States, based in Naples, FL. It received its IRS tax-exemption ruling in November 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Sogal Foundation reported income of $421k and spending of $230k, leaving 45% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $232k to $421k (+82%), an average of +22% a year. The sharpest change came in the year to December 2020, when income rose by 121%. Over the whole period it spent 124% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sogal Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 70th percentile within FL. Charities of a similar size with the same main cause include Adamstown Area Library ($421k), Belle Creek Education Center ($421k) and Ican Dream Foundation Inc ($421k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $112k. At year end it held assets of $713k against liabilities of $150k, net assets of $563k. It reported 2 employees.