Solid Ground

Analysis

Solid Ground is a registered charity in United States, based in White Bear, MN. It received its IRS tax-exemption ruling in June 1988, 38 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, Solid Ground reported income of $4.7m and spending of $4.4m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $4.7m (+164%), an average of +28% a year. The sharpest change came in the year to December 2020, when income rose by 98%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Solid Ground sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MN. Charities of a similar size with the same main cause include Childrens Choice of Maryland Inc ($4.7m), Aroostook Area Agency on Aging Inc ($4.7m) and Texas Baptist Home for Children ($4.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $140k (3.2% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $8.4m against liabilities of $2.7m, net assets of $5.7m. It reported 38 employees.