Soar Of Racine Inc
Soar Of Racine Inc reports zero revenue and assets in its latest filing, following years of modest financial activity.
EIN: 208232825 · Racine, WI · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $110K |
| Program Spending | 80% |
| Net Assets | $28K |
| Transparency Score | 70/100 |
Is Soar Of Racine Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Soar Of Racine Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Soar Of Racine Inc
Soar Of Racine Inc (EIN: 208232825) is a nonprofit organization based in Racine, WI. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Soar Of Racine Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Soar Of Racine Inc is a small nonprofit, with 5 years of IRS 990 filings on record (2012–2016). Revenue has grown at a compound annual rate of -9.0%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $120K |
| Total Expenses | $110K |
| Surplus / Deficit | +$10K |
| Total Assets | $44K |
| Total Liabilities | $16K |
| Net Assets | $28K |
| Operating Margin | 8.3% |
| Debt-to-Asset Ratio | 36.3% |
| Months of Reserves | 4.8 months |
Financial Health Grade: A
In 2016, Soar Of Racine Inc reported a surplus of $10K with revenue exceeding expenses, holds 4.8 months of operating reserves (adequate), has a debt-to-asset ratio of 36.3% (moderate leverage).
Financial Trends
Over 5 years of filings (2012–2016), Soar Of Racine Inc's revenue has declined at a compound annual growth rate (CAGR) of -9.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | -4.6% | -10.9% | +68.4% |
| 2015 | +11.1% | -12.6% | -57.1% |
| 2014 | -14.8% | +21.2% | -3.1% |
| 2013 | -24.1% | -17.6% | -0.9% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Soar Of Racine Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Soar Of Racine Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $10K, with revenue exceeding expenses.
- Debt-to-asset ratio: 36.3%.
Executive Compensation Analysis
No officer compensation has been reported across all available filings, indicating that the organization's leadership is likely volunteer-based or compensated through other means not classified as officer compensation, which is positive for resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Soar Of Racine Inc's IRS 990 filings:
- Latest filing shows $0 revenue and assets, indicating potential inactivity or cessation of operations.
- NTEE code is unknown, which can sometimes hinder understanding of the organization's specific programmatic focus.
Strengths
The following positive indicators were identified for Soar Of Racine Inc:
- No officer compensation reported across all filings, suggesting a volunteer-led or highly efficient administrative structure.
- Historically, expenses have been closely aligned with revenues, indicating responsible financial management in prior operational periods.
Frequently Asked Questions about Soar Of Racine Inc
Is Soar Of Racine Inc a legitimate charity?
Soar Of Racine Inc (EIN: 208232825) is a registered tax-exempt nonprofit based in Wisconsin. Our AI analysis gives it a Mission Score of 70/100. It has 5 years of IRS 990 filings on record. 2 red flags identified. 2 strengths noted. Financial health grade: A.
How does Soar Of Racine Inc spend its money?
Soar Of Racine Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Soar Of Racine Inc tax-deductible?
Soar Of Racine Inc is registered as a tax-exempt nonprofit (EIN: 208232825). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Soar Of Racine Inc's spending goes to programs?
Soar Of Racine Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Soar Of Racine Inc located?
Soar Of Racine Inc is headquartered in Racine, Wisconsin and files with the IRS under EIN 208232825.
How many years of IRS 990 filings does Soar Of Racine Inc have?
Soar Of Racine Inc has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Is Soar Of Racine Inc still operational given its latest $0 revenue and asset report?
The latest filing showing $0 in revenue and assets strongly suggests the organization may be inactive or has ceased operations. Further inquiry directly with the organization would be needed to confirm its current status.
How has Soar Of Racine Inc managed to operate without reporting officer compensation?
The consistent reporting of 0% officer compensation across all filings indicates that the organization likely relies on volunteer leadership or that any compensation for leadership roles is structured in a way that is not reported as officer compensation on the 990 form.
What caused the significant drop in financial activity from previous years to the latest $0 report?
The IRS 990 data alone does not provide the reason for the sudden cessation of reported financial activity. This could be due to a strategic decision, operational challenges, or a change in reporting requirements or status.
Filing History
IRS 990 filing history for Soar Of Racine Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2012–2016), Soar Of Racine Inc's revenue has declined by 31.4%, moving from $175K to $120K. Total assets decreased by 30.5% over the same period, from $63K to $44K. Total functional expenses fell by 22.3%, from $142K to $110K. In its most recent filing year (2016), Soar Of Racine Inc reported a surplus of $10K, with revenue exceeding expenses. The organization holds $16K in liabilities against $44K in assets (debt-to-asset ratio: 36.3%), resulting in net assets of $28K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $120K | $110K | $44K | $16K | — | View 990 |
| 2015 | $126K | $124K | $26K | $8K | — | View 990 |
| 2014 | $113K | $142K | $61K | $45K | — | View 990 |
| 2013 | $133K | $117K | $63K | $19K | — | View 990 |
| 2012 | $175K | $142K | $63K | $36K | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $120K, expenses of $110K, and assets of $44K (revenue -4.6% year-over-year).
- 2015: Revenue of $126K, expenses of $124K, and assets of $26K (revenue +11.1% year-over-year).
- 2014: Revenue of $113K, expenses of $142K, and assets of $61K (revenue -14.8% year-over-year).
- 2013: Revenue of $133K, expenses of $117K, and assets of $63K (revenue -24.1% year-over-year).
- 2012: Revenue of $175K, expenses of $142K, and assets of $63K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Soar Of Racine Inc:
Data Sources and Methodology
This transparency report for Soar Of Racine Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.