Part of the Solution Inc

Analysis

Part of the Solution Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in April 1991, 35 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Part of the Solution Inc reported income of $9.0m and spending of $8.7m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.4m to $9.0m (+102%), an average of +19% a year. The sharpest change came in the year to December 2020, when income rose by 95%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Part of the Solution Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Inca Community Services Inc ($9.0m), Grand Valley Catholic Outreach Inc ($9.0m) and Little Sisters of the Poor of St Paul ($9.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $373k (4.3% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $19.2m against liabilities of $4.0m, net assets of $15.1m. It reported 64 employees.