Soar Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,836,099 | 783,827 | 1,052,272 | 67.9 | 1% |
| 2021 | 1,552,895 | 920,038 | 632,857 | 69.4 | 1% |
| 2022 | 1,030,216 | 706,495 | 323,721 | 78.1 | 1% |
| 2023 | 1,661,698 | 680,024 | 981,674 | 98.5 | 1% |
In its most recent public year (2023), this organization brought in $981,674 more than it spent. Its reserves stood at about 98.5 months of spending, up from 67.9 in 2020. Staff pay was 1% of spending. $2,561,327 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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