Solid Rock Community Developmentcorporation

Analysis

Solid Rock Community Developmentcorporation is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Rock Community Developmentcorporation reported income of $2.1m and spending of $1.2m, leaving 43% of income unspent that year. Across the 6 years on record, from June 2019 to December 2023, income grew from $241k to $2.1m (+757%), an average of +54% a year. The sharpest change came in the year to December 2022, when income rose by 387%. Over the whole period it spent 47% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Solid Rock Community Developmentcorporation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within CO. Charities of a similar size with the same main cause include Maryland Child Services Inc ($2.1m), Nour Foundation ($2.1m) and San Diego Food System Alliance ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $126k (11% of expenses). At year end it held assets of $6.0m against liabilities of $2.6m, net assets of $3.4m. It reported 2 employees.