Solon Firefighters Association

Analysis

Solon Firefighters Association is a registered charity in United States, based in Solon, IA. It received its IRS tax-exemption ruling in October 2007, 19 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Solon Firefighters Association reported income of $211k and spending of $244k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $250k to $211k (-15%), an average of -4.1% a year. The sharpest change came in the year to December 2020, when income rose by 197%. Over the whole period it spent 100% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Solon Firefighters Association sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 56th percentile within IA. Charities of a similar size with the same main cause include Volunteer Fire Association of Tappan ($211k), Fisherville Volunteer Fire Company No 1 ($211k) and Claysburg Volunteer Fire Co ($211k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $234k against liabilities of $0, net assets of $234k.