Soar Global Inc

Analysis

Soar Global Inc is a registered charity in United States, based in Birmingham, AL. 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, Soar Global Inc reported income of $242k and spending of $254k, spending 105% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $166k to $242k (+46%), an average of +46% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 105% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Soar Global Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 59th percentile within AL. Charities of a similar size with the same main cause include Love Squared Missions Inc ($242k), Fountain of Life International Ministries Inc ($242k) and Communities in Schools of Lincoln County Inc ($242k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $18k (7.1% of expenses). At year end it held assets of $36k against liabilities of $0, net assets of $36k. It reported 1 employees.