Soar After School Program

Analysis

Soar After School Program is a registered charity in United States, based in Springdale, AR. It received its IRS tax-exemption ruling in December 2020, 6 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 2022, Soar After School Program reported income of $1.1m and spending of $1.2m, spending 110% of what it took in. Across the 3 years on record, from December 2020 to December 2022, income grew from $405k to $1.1m (+166%), an average of +63% a year. The sharpest change came in the year to December 2021, when income rose by 76%. Over the whole period it spent 95% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Soar After School Program sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within AR. Charities of a similar size with the same main cause include Oklahoma Alliance of Ymcas Inc ($1.1m), Boys and Girls Club of Flagstaff ($1.1m) and Camp Jewel ($1.1m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $82k (6.9% of expenses). Other salaries and wages came to $641k. At year end it held assets of $128k against liabilities of $24k, net assets of $105k. It reported 145 employees.