Solari Inc

Analysis

Solari Inc is a registered charity in United States, based in Tempe, AZ. It received its IRS tax-exemption ruling in November 2008, 18 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 September 2023, Solari Inc reported income of $62.3m and spending of $60.6m, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $17.1m to $62.3m (+265%), an average of +38% a year. The sharpest change came in the year to September 2023, when income rose by 48%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Solari Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within AZ. Charities of a similar size with the same main cause include Brooke Grove Foundation Inc ($62.3m), North Canyon Medical Center Inc ($62.5m) and The Against Malaria Foundation ($62.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 36% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $1.8m (3.0% of expenses). Other salaries and wages came to $34.7m. At year end it held assets of $24.7m against liabilities of $14.1m, net assets of $10.6m. It reported 826 employees.