Soky Patriots

Analysis

Soky Patriots is a registered charity in United States, based in Smiths Grove, KY. 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, Soky Patriots reported income of $291k and spending of $292k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $259k to $291k (+12%), an average of +12% a year. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Soky Patriots sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within KY. Charities of a similar size with the same main cause include Options for Women ($291k), Community Thrift Shop ($291k) and Its Time a Houghton Family Global Charity ($291k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 8.2% of the total. At year end it held assets of $53k against liabilities of $30k, net assets of $23k.