Solutions to End Poverty Soon Inc

Analysis

Solutions to End Poverty Soon Inc is a registered charity in United States, based in Toms River, NJ. It received its IRS tax-exemption ruling in September 1997, 29 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Solutions to End Poverty Soon Inc reported income of $1.2m and spending of $1.4m, spending 117% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $697k to $1.2m (+69%), an average of +19% a year. The sharpest change came in the year to December 2022, when income rose by 206%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Solutions to End Poverty Soon Inc 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 81st percentile, and in the 84th percentile within NJ. Charities of a similar size with the same main cause include Art Into Acres ($1.2m), Artisanworks and Events Inc ($1.2m) and Native American Journalists Association ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $302k (22% of expenses). At year end it held assets of $602k against liabilities of $0, net assets of $602k. It reported 9 employees.