Soar International

Analysis

Soar International is a registered charity in United States, based in Elk River, MN. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 International reported income of $94k and spending of $90k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $83k to $94k (+14%), an average of +14% a year. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Soar International sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within MN. Charities of a similar size with the same main cause include Crossroads Ministries ($94k), Reconciliasian ($94k) and Bridge City Community ($94k).

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 $10k against liabilities of $0, net assets of $10k.