Soulside Healing Arts

Analysis

Soulside Healing Arts is a registered charity in United States, based in Peoria, IL. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Soulside Healing Arts reported income of $99k and spending of $115k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $105k to $99k (-5.8%), an average of -5.8% a year. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Soulside Healing Arts sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 37th percentile within IL. Charities of a similar size with the same main cause include Our Sisters Closet Inc ($99k), Another Chance of Ohio ($99k) and Camp Hero Inc ($99k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 26% of the total. At year end it held assets of $51k against liabilities of $35k, net assets of $16k.