Solihten Institute Inc

Analysis

Solihten Institute Inc is a registered charity in United States, based in Englewood, CO. It received its IRS tax-exemption ruling in April 1979, 47 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, Solihten Institute Inc reported income of $538k and spending of $979k, spending 182% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $560k to $538k (-4.0%), an average of -1.0% a year. The sharpest change came in the year to December 2022, when income rose by 351%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Solihten Institute Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within CO. Charities of a similar size with the same main cause include Associated Catholic Charities for Community Development at Broome Co ($538k), National Safe Place Inc ($538k) and Peoples Pantry at Church Road ($538k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $180k (18% of expenses). Other salaries and wages came to $437k. At year end it held assets of $2.0m against liabilities of $5,640, net assets of $2.0m. It reported 5 employees.