Soul Solutions Recovery Center Inc

Analysis

Soul Solutions Recovery Center Inc is a registered charity in United States, based in Fargo, ND. It received its IRS tax-exemption ruling in July 2021, 5 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 hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Soul Solutions Recovery Center Inc reported income of $1.5m and spending of $1.4m, spending 95% of its income. Across the 2 years on record, from September 2022 to September 2023, income grew from $1.1m to $1.5m (+34%), an average of +34% a year. The sharpest change came in the year to September 2023, when income rose by 34%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Soul Solutions Recovery Center Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within ND. Charities of a similar size with the same main cause include National Patient Advocate Foundation Inc ($1.5m), Gackle Future Development Co ($1.5m) and Family Diabetes Resource Center of Texas ($1.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 21% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $98k (7.1% of expenses). Other salaries and wages came to $432k. It paid $1,651 in professional fundraising fees. At year end it held assets of $558k against liabilities of $532k, net assets of $26k. It reported 23 employees.