King Solomon Foundation Inc

Analysis

King Solomon Foundation Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in July 2010, 16 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, King Solomon Foundation Inc reported income of $166k and spending of $170k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $132k to $166k (+26%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, King Solomon Foundation Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 53rd percentile within FL. Charities of a similar size with the same main cause include Son Raise Missionary Services ($166k), Ten Thousand Villages South Bay ($166k) and Carebag Inc ($166k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $21k against liabilities of $6,968, net assets of $14k.