Solutions for Change Inc

Analysis

Solutions for Change Inc is a registered charity in United States, based in Vista, CA. It received its IRS tax-exemption ruling in June 2000, 26 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, Solutions for Change Inc reported income of $4.0m and spending of $4.4m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $4.0m (+47%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 31%. Over the whole period it spent 112% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Solutions for Change Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Rahima International Foundation ($4.0m), I Foster Inc ($4.0m) and Imagination Learning Center ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $192k (4.3% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $10.4m against liabilities of $13.3m, net assets of -$2.9m. It reported 41 employees.