Soar Again

Analysis

Soar Again is a registered charity in United States, based in Oak Park, IL. It received its IRS tax-exemption ruling in May 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 (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, Soar Again reported income of $50k and spending of $23k, leaving 55% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $5,171 to $50k (+871%), an average of +76% a year. The sharpest change came in the year to December 2020, when income rose by 271%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Soar Again sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 21st percentile within IL. Charities of a similar size with the same main cause include Resilience High Point ($50k), Mustardseed Inc ($50k) and West Central Electric Roundup Foundation ($50k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $27k against liabilities of $0, net assets of $27k.