Soquili Farm Corp

Analysis

Soquili Farm Corp is a registered charity in United States, based in Richwood, OH. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover animal-related, which this site groups under animals. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Soquili Farm Corp reported income of $74k and spending of $64k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $127k to $74k (-42%), an average of -42% a year. The sharpest change came in the year to December 2023, when income dropped by 42%. Over the whole period it spent 93% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Soquili Farm Corp sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 30th percentile within OH. Charities of a similar size with the same main cause include Friends of the Saratoga Cnty Animal Shelter ($74k), Minnesota Pit Bull Rescue ($74k) and SPCA of Tennessee ($74k).

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 $82k against liabilities of $8,914, net assets of $73k.