Sola Media

Analysis

Sola Media is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in February 2011, 15 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 June 2023, Sola Media reported income of $2.8m and spending of $3.8m, spending 135% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.3m to $2.8m (+23%), an average of +5.3% a year. The sharpest change came in the year to June 2021, when income rose by 75%. Over the whole period it spent 87% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Sola Media sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Superchannel Worship Ministries Inc ($2.8m), Vision Communications International ($2.8m) and The Bnei Torah Trust ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 112% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $532k (14% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $4.2m against liabilities of $502k, net assets of $3.7m. It reported 30 employees.