Soaringwords Inc
Nonprofit profile at a glance
- EIN
- 061602568
- IRS 990-EZ coverage
- 2010–2024
- Forms available
- Form 990 2020, Form 990-EZ 2024
- Location
- New York, NY, USA
- Phone
- 9174993783
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Patient Services - Entertainment, Recreation
Reported finances
- Revenue
- $80,855
- Expenses
- $123,541
- Assets
- $47,014
- Liabilities
- $101,544
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- LISA BUKSBAUM (CEO and Founder)
People named in this filing
- LISA BUKSBAUM (CEO and Founder)
- ELLEN COLE (BOARD MEMBER)
- KAREN GARMAN (Board CHAIR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Support networks to assist and help children and their families cope with catastrophic events as well as chronic and terminal illness.
What it reported doing in 2024
The development of a website to help ill children and their families to heal. Through the internet and human support networks assist and help children and their families cope with catastrophic events as well as chronic and terminal illness. Expense allocation is determined by the board of trustees and members of the advisory committee.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 86
- Transparency & Controls: 82
- Sustainability: 20
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 98.6%; rating input score 99
- Program expense ratio: 64.5%; rating input score 65
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -52.8%; rating input score 12; 12th percentile among comparable filings
- Total-asset coverage ratio: 0.38; rating input score 25; 25th percentile among comparable filings
- Liabilities to assets ratio: 2.16; rating input score 3; 3rd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -2% per year; rating input score 0; 43rd percentile among comparable filings
- Revenue growth: -6.5% per year; rating input score 0; 31st percentile among comparable filings
- Asset growth: 6.9% per year; rating input score 100; 64th percentile among comparable filings
Details
- Where the money goes: 98.6% of revenue deployed · 64.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $80K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 7 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 12/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 25/100.
- High — Sustainability: Liabilities to assets ratio scored 3/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.