Solon Historical Society

Analysis

Solon Historical Society is a registered charity in United States, based in Solon, OH. It received its IRS tax-exemption ruling in March 1969, 57 years ago. The IRS classifies it as a governmental unit under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Solon Historical Society reported income of $71k and spending of $14k, leaving 80% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $50k to $71k (+43%), an average of +9.4% a year. The sharpest change came in the year to December 2023, when income rose by 104%. Over the whole period it spent 29% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Solon Historical Society 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 28th percentile, and in the 28th percentile within OH. Charities of a similar size with the same main cause include Friends of the Hamilton Township Library ($71k), Coal Creek Adult Education Center ($71k) and Blinn College Alumni and Friends Association ($71k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.