Sozo Impact Inc

Analysis

Sozo Impact Inc is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in December 2019, 7 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, Sozo Impact Inc reported income of $2.3m and spending of $682k, leaving 70% of income unspent that year. Across the 4 years on record, from December 2018 to December 2023, income grew from $245k to $2.3m (+834%), an average of +111% a year. The sharpest change came in the year to December 2023, when income rose by 709%. Over the whole period it spent 46% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sozo Impact Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Institute for the Advancement of Food and Nutrition Sciences ($2.3m), Highland Golf and Country Club Foundation Inc ($2.3m) and Western Center Community Foundation ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.0% of the total. Compensation of current officers, directors and key employees was $66k (9.7% of expenses). Other salaries and wages came to $14k. It paid $24k in professional fundraising fees. At year end it held assets of $1.8m against liabilities of $45k, net assets of $1.8m. It reported 9 employees.