Soni Foundation Inc

Analysis

Soni Foundation Inc is a registered charity in United States, based in Liberty Hill, TX. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Soni Foundation Inc reported income of $351k and spending of $109k, leaving 69% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $380k to $351k (-7.7%), an average of -7.7% a year. Over the whole period it spent 18% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Soni Foundation Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 69th percentile within TX. Charities of a similar size with the same main cause include Northern Virginia Veterans Association ($351k), Assisting International Missions Inc ($351k) and Bra Couture KC ($351k).

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 $603k against liabilities of $603k, net assets of $0.