Solomon Temple Baptist Church

Analysis

Solomon Temple Baptist Church is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in January 2000, 26 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Solomon Temple Baptist Church reported income of $133k and spending of $126k, spending 95% of its income. Across the 4 years on record, from December 2017 to December 2021, income grew from $81k to $133k (+64%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 89%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Solomon Temple Baptist Church sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within PA. Charities of a similar size with the same main cause include Joshua 1-2 Fellowship ($133k), Lois Roth Foundation ($133k) and Lighthouse for Christ Inc ($133k).

On its Form 990-EZ for the period ending December 2021, revenue came from contributions and grants 100% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.