Solid Rock Ministries

Analysis

Solid Rock Ministries is a registered charity in United States, based in Zeeland, MI. It received its IRS tax-exemption ruling in March 2008, 18 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 reported income of $126k and spending of $104k, spending 82% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $71k to $126k (+78%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 86% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Solid Rock Ministries sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within MI. Charities of a similar size with the same main cause include Sheboygan County Warming Center Inc ($126k), Dena Bank Apartments Inc ($126k) and Uintah Basin Assistance Council ($126k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 25% of the total. At year end it held assets of $77k against liabilities of $0, net assets of $77k.