Soar Youth Ministries
EIN: 621714010 · Knoxville, TN · NTEE: P40
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $2.2M |
| Net Assets | $1.3M |
Is Soar Youth Ministries Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Soar Youth Ministries
Soar Youth Ministries (EIN: 621714010) is a nonprofit organization based in Knoxville, TN, classified under NTEE code P40. The organization reported total revenue of $1.8M and total assets of $988K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Soar Youth Ministries's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Soar Youth Ministries is a mid-size nonprofit that has been operating for 28 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 21.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.4M |
| Total Expenses | $2.2M |
| Surplus / Deficit | +$198K |
| Total Assets | $1.4M |
| Total Liabilities | $79K |
| Net Assets | $1.3M |
| Operating Margin | 8.4% |
| Debt-to-Asset Ratio | 5.7% |
| Months of Reserves | 7.7 months |
Financial Health Grade: A
In 2023, Soar Youth Ministries reported a surplus of $198K with revenue exceeding expenses, holds 7.7 months of operating reserves (strong position), has a debt-to-asset ratio of 5.7% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Soar Youth Ministries's revenue has grown at a compound annual growth rate (CAGR) of 21.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.7% | -7.0% | +19.0% |
| 2022 | -2.8% | +25.6% | -2.7% |
| 2021 | +70.3% | +42.5% | +69.4% |
| 2020 | +26.0% | +25.7% | +14.7% |
| 2019 | +22.4% | +38.8% | +12.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1998 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Soar Youth Ministries has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Soar Youth Ministries with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $198K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.7%.
Frequently Asked Questions about Soar Youth Ministries
Is Soar Youth Ministries a legitimate charity?
Based on AI analysis of IRS 990 filings, Soar Youth Ministries (EIN: 621714010) insufficient data. 0 red flags identified, 0 strengths noted.
How does Soar Youth Ministries spend its money?
Detailed spending breakdown data is not yet available for Soar Youth Ministries. Check back for updated IRS 990 analysis.
Are donations to Soar Youth Ministries tax-deductible?
Soar Youth Ministries is registered as a tax-exempt nonprofit (EIN: 621714010). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Soar Youth Ministries located?
Soar Youth Ministries is headquartered in Knoxville, Tennessee and files with the IRS under EIN 621714010. It is classified under NTEE code P40.
How many years of IRS 990 filings does Soar Youth Ministries have?
Soar Youth Ministries has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.8M in total revenue.
Filing History
IRS 990 filing history for Soar Youth Ministries showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Soar Youth Ministries's revenue has grown by 720.6%, moving from $289K to $2.4M. Total assets increased by 586.3% over the same period, from $204K to $1.4M. Total functional expenses rose by 708.1%, from $268K to $2.2M. In its most recent filing year (2023), Soar Youth Ministries reported a surplus of $198K, with revenue exceeding expenses. The organization holds $79K in liabilities against $1.4M in assets (debt-to-asset ratio: 5.7%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.4M | $2.2M | $1.4M | $79K | — | — |
| 2022 | $2.3M | $2.3M | $1.2M | $54K | — | View 990 |
| 2021 | $2.3M | $1.9M | $1.2M | $37K | — | View 990 |
| 2020 | $1.4M | $1.3M | $713K | $32K | — | View 990 |
| 2019 | $1.1M | $1.0M | $622K | $15K | — | View 990 |
| 2018 | $894K | $748K | $555K | $5K | — | View 990 |
| 2017 | $824K | $518K | $412K | $8K | — | View 990 |
| 2016 | $505K | $457K | $116K | $18K | — | View 990 |
| 2015 | $383K | $397K | $77K | $27K | — | View 990 |
| 2014 | $390K | $377K | $90K | $26K | — | View 990 |
| 2013 | $350K | $294K | $100K | $49K | — | View 990 |
| 2012 | $289K | $268K | $204K | $64K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.4M, expenses of $2.2M, and assets of $1.4M (revenue +3.7% year-over-year).
- 2022: Revenue of $2.3M, expenses of $2.3M, and assets of $1.2M (revenue -2.8% year-over-year).
- 2021: Revenue of $2.3M, expenses of $1.9M, and assets of $1.2M (revenue +70.3% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.3M, and assets of $713K (revenue +26.0% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.0M, and assets of $622K (revenue +22.4% year-over-year).
- 2018: Revenue of $894K, expenses of $748K, and assets of $555K (revenue +8.5% year-over-year).
- 2017: Revenue of $824K, expenses of $518K, and assets of $412K (revenue +63.2% year-over-year).
- 2016: Revenue of $505K, expenses of $457K, and assets of $116K (revenue +31.9% year-over-year).
- 2015: Revenue of $383K, expenses of $397K, and assets of $77K (revenue -1.9% year-over-year).
- 2014: Revenue of $390K, expenses of $377K, and assets of $90K (revenue +11.3% year-over-year).
- 2013: Revenue of $350K, expenses of $294K, and assets of $100K (revenue +21.5% year-over-year).
- 2012: Revenue of $289K, expenses of $268K, and assets of $204K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Soar Youth Ministries:
Data Sources and Methodology
This transparency report for Soar Youth Ministries 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.