Soar Consortium Inc

Analysis

Soar Consortium Inc is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in October 1999, 27 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 September 2023, Soar Consortium Inc reported income of $3.2m and spending of $4.3m, spending 132% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $871k to $3.2m (+270%), an average of +39% a year. The sharpest change came in the year to September 2021, when income rose by 149%. Over the whole period it spent 123% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Soar Consortium Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within AZ. Charities of a similar size with the same main cause include Ballet Idaho Inc ($3.2m), Ecole Claire Fontaine ($3.2m) and Wichita Symphony Society Inc ($3.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 31% and program service revenue 66% of the total. At year end it held assets of $22.9m against liabilities of $1.1m, net assets of $21.8m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.