Soar International Ministries Inc

Analysis

Soar International Ministries Inc is a registered charity in United States, based in Kenai, AK. It received its IRS tax-exemption ruling in July 1999, 27 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, Soar International Ministries Inc reported income of $704k and spending of $777k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $704k (-45%), an average of -14% a year. The sharpest change came in the year to December 2021, when income rose by 97%. Over the whole period it spent 73% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Soar International Ministries Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 72nd percentile within AK. Charities of a similar size with the same main cause include Junior Achievement USA ($703k), Judea Harvest Incorporated ($704k) and Instituto Cervantes of Los Angeles Inc ($703k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $171k (22% of expenses). Other salaries and wages came to $164k. At year end it held assets of $1.9m against liabilities of $373, net assets of $1.9m. It reported 6 employees.