Soledad Foundation

Analysis

Soledad Foundation is a registered charity in United States, based in Baldwin Park, CA. It received its IRS tax-exemption ruling in October 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, Soledad Foundation reported income of $294k and spending of $112k, leaving 62% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $14k to $294k (+2023%), an average of +115% a year. The sharpest change came in the year to December 2022, when income rose by 11418%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Soledad Foundation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within CA. Charities of a similar size with the same main cause include Washington Wheat Foundation ($294k), Just Initiative Inc ($294k) and Promise Arizona ($294k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.8% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.