Soar High Academy

Analysis

Soar High Academy is a registered charity in United States, based in Fremont, CA. It received its IRS tax-exemption ruling in September 2020, 6 years ago. 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 High Academy reported income of $87k and spending of $75k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $71k to $87k (+22%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Soar High Academy sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within CA. Charities of a similar size with the same main cause include PTA New York Congress Ps-54r ($87k), Pawhuska Educational Trust ($87k) and Neurological Vocational Services ($87k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 8.4% and program service revenue 91% of the total. At year end it held assets of $9,413 against liabilities of $0, net assets of $9,413.