Sozo Chattanooga

Analysis

Sozo Chattanooga is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Chattanooga reported income of $75k and spending of $79k, spending 106% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $123k to $75k (-39%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 39%. Over the whole period it spent 101% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Sozo Chattanooga sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 28th percentile within TN. Charities of a similar size with the same main cause include Catskill Christian Assembly ($75k), Iglesia Evangelica El Camino Y LA Verdad ($75k) and Today Evangelical Ministries Inc ($75k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $344 against liabilities of $0, net assets of $344.