Solti Foundation

Analysis

Solti Foundation is a registered charity in United States, based in Evanston, IL. It received its IRS tax-exemption ruling in July 2002, 24 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Solti Foundation reported income of $288k and spending of $262k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $273k to $288k (+5.6%), an average of +1.4% a year. The sharpest change came in the year to December 2023, when income rose by 803%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Solti Foundation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within IL. Charities of a similar size with the same main cause include Loves Arm Outreach Ministries ($288k), Charitable Division of the Rotary Club of Portsmouth New Hampshire ($288k) and Delta Service Through Detroit Foundation Inc ($288k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% of the total. Other salaries and wages came to $30k. At year end it held assets of $817k against liabilities of $13k, net assets of $805k. It reported 1 employees.