Soar Special Needs

Analysis

Soar Special Needs is a registered charity in United States, based in Lenexa, KS. It received its IRS tax-exemption ruling in July 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 Special Needs reported income of $430k and spending of $425k, spending 99% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $214k to $430k (+101%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 108%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Soar Special Needs sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within KS. Charities of a similar size with the same main cause include Camp Sunshine Inc ($430k), Rooted Northwest Arkansas ($431k) and Dairy Discovery ($430k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $500 (0.1% of expenses). Other salaries and wages came to $61k. It paid $32k in professional fundraising fees. At year end it held assets of $284k against liabilities of $67k, net assets of $217k. It reported 5 employees.