Soul Care Institute

Analysis

Soul Care Institute is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in March 2022, 4 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, Soul Care Institute reported income of $344k and spending of $343k, spending 100% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $284k to $344k (+21%), an average of +6.7% a year. The sharpest change came in the year to December 2021, when income rose by 104%. 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, Soul Care Institute sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within CO. Charities of a similar size with the same main cause include Congregation Beth Israel Jewish Center W S ($344k), Save the Nations Ministries ($344k) and Vietnam Ministries Inc ($344k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $85k (25% of expenses). Other salaries and wages came to $27k. At year end it held assets of $24k against liabilities of $3,338, net assets of $21k. It reported 3 employees.