Solid Ground Washington

Analysis

Solid Ground Washington is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in January 1975, 51 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 Ground Washington reported income of $29.7m and spending of $30.5m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $27.3m to $29.7m (+8.8%), an average of +2.1% a year. The sharpest change came in the year to December 2020, when income rose by 34%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Solid Ground Washington sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within WA. Charities of a similar size with the same main cause include Barton Creek Senior Living Center Inc ($29.6m), Mira Bella ($30.1m) and Tenderloin Neighborhood Development Corporation ($29.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $402k (1.3% of expenses). Other salaries and wages came to $13.3m. At year end it held assets of $22.4m against liabilities of $4.6m, net assets of $17.9m. It reported 293 employees.