Solidago Foundation

Analysis

Solidago Foundation is a registered charity in United States, based in Northampton, MA. It received its IRS tax-exemption ruling in July 2005, 21 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Solidago Foundation reported income of $2.5m and spending of $2.0m, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.6m to $2.5m (-46%), an average of -14% a year. The sharpest change came in the year to December 2021, when income dropped by 41%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Solidago Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within MA. Charities of a similar size with the same main cause include Yblc Inc ($2.5m), Life Sciences Greenhouse of Central Pennsylvania ($2.5m) and Center for Living and Learning ($2.5m).

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 $107k (5.4% of expenses). Other salaries and wages came to $536k. At year end it held assets of $2.3m against liabilities of $943k, net assets of $1.3m. It reported 10 employees.