Soar 365
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Growing revenue
Soar 365 is a 501(c)(3) organization based in Richmond, Virginia, registered in 1954, with $20,853,344 in FY2024 revenue. CharityIndex grades it C+.
3600 Saunders Ave, Richmond, VA, 23227 EIN 54-0629691 Since 1954
Revenue (FY2024)
$20.9M
▼ 10.8% vs prior year
Expenses (FY2024)
$23.1M
Net assets
$13.6M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Soar 365— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
C+Financial health25% of the rating7 mo reserves · -11% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Soar 365: 7 mo reserves · -11% margin earns a C+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Soar 365— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Soar 365: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
Financial trends
Revenue grew from $14.7M (FY2013) to $20.9M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $6.6MNet assets $13.6M
Operating margin
-10.5%
Spent more than it raised in the latest fiscal year.
Total assets
$20.1M
Total liabilities
$6.6M
Net assets
$13.6M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $20,853,344▼10.8% | $23,051,269▲3.8% | $13,569,239▼13.8% | $20,144,583▼12.3% | 990 |
| 2023 | $23,367,169▲21.9% | $22,203,174▲12.2% | $15,735,875▲9.5% | $22,964,702▲6.8% | 990 |
| 2022 | $19,174,641▲8.8% | $19,780,713▲21.6% | $14,364,660▼4.9% | $21,502,679▼8.8% | 990 |
| 2021 | $17,622,374▲5.2% | $16,270,517▼9.2% | $15,105,605▲11.9% | $23,580,904▲1.6% | 990 |
| 2020 | $16,750,400▼13.3% | $17,910,892▼4.9% | $13,501,912▼8.4% | $23,210,802▲6.8% | 990 |
| 2019 | $19,310,385▲11.4% | $18,843,114▲23.5% | $14,741,869▲8.7% | $21,736,292▲9.3% | 990 |
| 2017 | $17,334,333▲21.3% | $15,257,869▲4.0% | $13,567,520▲11.2% | $19,878,713▲11.3% | 990 |
| 2016 | $14,291,776▼1.8% | $14,666,911▲2.5% | $12,205,908▼2.3% | $17,854,657▼1.2% | 990 |
| 2015 | $14,556,548▲5.9% | $14,307,125▲11.2% | $12,498,611▼0.8% | $18,079,783▼1.8% | 990 |
| 2014 | $13,743,416▼6.6% | $12,867,091▲2.9% | $12,593,962▲6.1% | $18,405,716▲4.9% | 990 |
| 2013 | $14,713,707 | $12,504,439▲2.0% | $11,873,514▲25.5% | $17,549,389▲12.9% | 990 |
| 2012 | — | $12,255,865▲6.4% | $9,459,185▼2.8% | $15,537,331▼1.7% | 990 |
| 2011 | — | $11,523,646▲4.8% | $9,726,728▲0.3% | $15,798,940▲1.9% | 990 |
| 2010 | — | $10,993,717 | $9,701,863 | $15,500,920 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $3.8M total
44 grants to Soar 365 totaling $3.8M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The Community Foundation Inc | Health and wellness | 2024 | $210,624 |
| The Pauley Family Foundation | The pediatric therapy program ($50,000) and camp baker capital needs/enhancements ($50,000) | 2024 | $100,000 |
| Sourceamerica | Cmmc grant, npa training vouchers, qwe, training, certification & compliance grant | 2024 | $73,024 |
| American Online Giving Foundation Inc | General support | 2024 | $33,790 |
| Ayco Charitable Foundation | Community & human services | 2024 | $25,000 |
| The Community Foundation Inc | Health and wellness | 2023 | $224,894 |
| Sourceamerica | Cmmc grant, npa training vouchers, qwe, training, certification & compliance grant | 2023 | $101,542 |
| Donor Advised Charitable Giving | Public, societal benefit | 2023 | $52,250 |
| The Pauley Family Foundation | General operating funds to support services for disabled children, young adults; camp baker | 2023 | $50,000 |
| American Online Giving Foundation Inc | General support | 2023 | $27,612 |
| Ayco Charitable Foundation | Community & human services | 2023 | $25,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $13,800 |
| The Community Foundation Inc | Health and wellness | 2022 | $110,337 |
| The Pauley Family Foundation | Programming for people with disabilities | 2022 | $50,000 |
| American Online Giving Foundation Inc | General support | 2022 | $40,597 |
Frequently asked questions
- Is Soar 365 a legitimate nonprofit?
- Yes. Soar 365 is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 54-0629691, based in Richmond, Virginia. Donations are tax-deductible.
- What is Soar 365's EIN?
- Soar 365's Employer Identification Number (EIN) is 54-0629691.
- How much revenue does Soar 365 report?
- Soar 365 reported $20,853,344 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Soar 365 have?
- CharityIndex grades Soar 365 C+, based on financial health (reserves and operating margin).
More nonprofits in Richmond
Explore more
Data for Soar 365 (EIN 54-0629691) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.