Solid Rock Ministries Inc

Analysis

Solid Rock Ministries Inc is a registered charity in United States, based in Perry Hall, MD. It received its IRS tax-exemption ruling in August 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, Solid Rock Ministries Inc reported income of $62k and spending of $63k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $81k to $62k (-24%), an average of -24% a year. The sharpest change came in the year to December 2023, when income dropped by 24%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Solid Rock Ministries Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 26th percentile within MD. Charities of a similar size with the same main cause include Celebrate Our Religious Enthusiastically ($62k), Lerhaus Institute ($62k) and Shining Light Ministries Inc ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $145k against liabilities of $0, net assets of $145k.