Soarpreneur

Analysis

Soarpreneur is a registered charity in United States, based in Jackson, MS. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2023, Soarpreneur reported income of $60k and spending of $58k, spending 98% of its income. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Soarpreneur sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 24th percentile within MS. Charities of a similar size with the same main cause include American Association of Physicists in Medicine ($60k), Artisans Art Gallery ($60k) and Encaustic Art Inc ($60k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. At year end it held assets of $1,387 against liabilities of $0, net assets of $1,387.