S Solutions Inc

Analysis

S Solutions Inc is a registered charity in United States, based in Castle Hayne, NC. It received its IRS tax-exemption ruling in July 2006, 20 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, S Solutions Inc reported income of $917k and spending of $957k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $917k (-29%), an average of -8.1% a year. The sharpest change came in the year to December 2020, when income dropped by 57%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, S Solutions Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within NC. Charities of a similar size with the same main cause include Waukesha Express Swim Team Inc ($917k), Patos Magic Soccer Club ($918k) and Edison United Soccer Association ($917k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.3% and program service revenue 92% of the total. At year end it held assets of $1.2m against liabilities of $261k, net assets of $926k.