Solum Community Transformation Initiative Inc

Analysis

Solum Community Transformation Initiative Inc is a registered charity in United States, based in Yukon, OK. It received its IRS tax-exemption ruling in January 2004, 22 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Solum Community Transformation Initiative Inc reported income of $56k and spending of $65k, spending 115% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $79k to $56k (-28%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 120% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Solum Community Transformation Initiative Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within OK. Charities of a similar size with the same main cause include Mountains of Faith Retreat Inc ($56k), Life in Him Ministries Inc ($56k) and Full Gospel Business Mens Fellowship in America ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.5% of the total. At year end it held assets of $2,184 against liabilities of $0, net assets of $2,184.