A Space to Soar Inc

Analysis

A Space to Soar Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in May 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, A Space to Soar Inc reported income of $87k and spending of $109k, spending 125% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $447k to $87k (-81%), an average of -34% a year. The sharpest change came in the year to June 2021, when income rose by 111%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, A Space to Soar Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 34th percentile within GA. Charities of a similar size with the same main cause include Northport Community Arts Center Inc ($87k), Squallis Puppeteers Inc ($87k) and Robert and Jane Meyerhoff Modern Art Foundation Inc ($87k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. At year end it held assets of $8.5m against liabilities of $8.3m, net assets of $139k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.