Soar Initiative

Analysis

Soar Initiative is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in December 2019, 7 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 Initiative reported income of $364k and spending of $356k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $134k to $364k (+172%), an average of +172% a year. The sharpest change came in the year to December 2023, when income rose by 172%. Over the whole period it spent 111% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Soar Initiative sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within OH. Charities of a similar size with the same main cause include Kentucky Health Departments Association Inc ($364k), Coalition of Skin Diseases ($364k) and Culpeper Adult Day Care Center Inc ($364k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $175k. At year end it held assets of $36k against liabilities of $4,600, net assets of $32k. It reported 22 employees.