Solar Youth Inc

Analysis

Solar Youth Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in March 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Solar Youth Inc reported income of $634k and spending of $520k, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $588k to $634k (+7.9%), an average of +1.9% a year. The sharpest change came in the year to June 2022, when income dropped by 30%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Solar Youth Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within CT. Charities of a similar size with the same main cause include Pizza Hut Foundation ($634k), Dogs Deserve Better Inc ($634k) and Creekside Christian Montessori Inc ($634k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $96k (18% of expenses). Other salaries and wages came to $219k. At year end it held assets of $441k against liabilities of $62k, net assets of $379k. It reported 34 employees.