Soroftimist International of South Lake Tahoe Foundation

Analysis

Soroftimist International of South Lake Tahoe Foundation is a registered charity in United States, based in Stateline, NV. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Soroftimist International of South Lake Tahoe Foundation reported income of $75k and spending of $84k, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $101k to $75k (-25%), an average of -7.1% a year. The sharpest change came in the year to June 2022, when income rose by 728%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Soroftimist International of South Lake Tahoe Foundation sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 32nd percentile within NV. Charities of a similar size with the same main cause include Fostoria Glass Society of America Inc ($75k), Leadership Monterey County ($75k) and Centurion Christian Classical Schools ($75k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $585k against liabilities of $0, net assets of $585k.