Soliya Inc

Analysis

Soliya Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2004, 22 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Soliya Inc reported income of $490k and spending of $479k, spending 98% of its income. Across the 6 years on record, from June 2019 to December 2023, income fell from $1.5m to $490k (-67%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 59%. Over the whole period it spent 105% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Soliya Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Global Ties Abq ($490k), Projects for Progress ($490k) and Friends of Mishteret Yisrael - Yatar Division Inc ($490k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 8.2% of the total. Compensation of current officers, directors and key employees was $41k (8.6% of expenses). Other salaries and wages came to $98k. At year end it held assets of $89k against liabilities of $390k, net assets of -$301k. It reported 10 employees.