Financials

SOAR365 remains financially healthy.

2024 was a year of transition, as we no longer received government pandemic funding. However, thanks to careful planning, we were able to use funds from prior years to support our operations. While we operated at a deficit, we made meaningful progress—our financial results improved year-over-year and exceeded expectations. Staying true to the strategy we set during the pandemic, we anticipate returning to a cash flow-neutral position in 2025 as our programs continue to grow and pandemic-related funding winds down.

Our core revenue grew by 7% in 2024, with Human Services revenue soaring by more than 31%. Every program saw double-digit increases. We experienced especially significant growth in Pediatric Therapy and Supported Employment—two areas where we’ve made investments to meet the growing needs of our community.

In Business Solutions, our core revenue saw a small 3% decline year-over-year. This was expected, as we phased out certain businesses in 2023 that no longer align with our mission. However, the businesses we retained actually grew by 3%, driven by continued success in our AbilityOne contracts. Meanwhile, giving reached new heights, bringing in a record-breaking $2.0 million to support our work.

Our operating expenses rose by just 3%, mainly due to strategic investments in our growing programs. With a healthy balance sheet and $2.6 million in unrestricted cash and investments, we’re in a strong position for the future. As we build on our fundraising momentum and see continued growth in our mission-driven businesses, we remain confident in the road ahead.

2024 Donors List

View records from previous years in our Document Library.

What Our Families Are Saying

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