The International Solid Rock Inc

Analysis

The International Solid Rock Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in November 1988, 38 years ago. 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, The International Solid Rock Inc reported income of $477k and spending of $413k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $218k to $477k (+118%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The International Solid Rock Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 72nd percentile within FL. Charities of a similar size with the same main cause include Perry County Non-Profit Housing Corporation ($477k), Cherokee Housing Corporation ($477k) and Germans From Russia Heritage Society ($477k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $100k (24% of expenses). Other salaries and wages came to $46k. At year end it held assets of $285k against liabilities of $500, net assets of $285k. It reported 4 employees.