Soqya4life

Analysis

Soqya4life is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in November 2022, 4 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Soqya4life reported income of $156k and spending of $163k, spending 105% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $435k to $156k (-64%), an average of -64% a year. The sharpest change came in the year to December 2023, when income dropped by 64%. Over the whole period it spent 53% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Soqya4life sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 44th percentile within CO. Charities of a similar size with the same main cause include Oasis World Mission ($156k), Haiti Christian Union Missions Inc ($156k) and Rescue Ministries International ($155k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $328k against liabilities of $0, net assets of $328k.