Porch de Salomon Corp

Analysis

Porch de Salomon Corp is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in October 2005, 21 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, Porch de Salomon Corp reported income of $1.0m and spending of $907k, spending 89% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $756k to $1.0m (+35%), an average of +6.2% a year. The sharpest change came in the year to December 2019, when income rose by 27%. Over the whole period it spent 87% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Porch de Salomon Corp sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Hispanic Ministry Center Inc ($1.0m), Ellerslie Mission Society ($1.0m) and Audioverse ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $37k. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m. It reported 1 employees.