Sol Treasures

Analysis

Sol Treasures is a registered charity in United States, based in King City, CA. It received its IRS tax-exemption ruling in November 2008, 18 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Sol Treasures reported income of $372k and spending of $411k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $477k to $372k (-22%), an average of -6.0% a year. The sharpest change came in the year to December 2022, when income rose by 153%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sol Treasures sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include Higher Works Collaborative ($372k), Childrens Museum of Greater Fall River Inc ($372k) and Thousand Oaks Chinese School ($372k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $88k (21% of expenses). Other salaries and wages came to $158k. At year end it held assets of $1.0m against liabilities of $363k, net assets of $638k. It reported 24 employees.