Lynne F Solon Foundation

Analysis

Lynne F Solon Foundation is a registered charity in United States, based in Edwardsville, IL. It received its IRS tax-exemption ruling in April 1994, 32 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, Lynne F Solon Foundation reported income of $89k and spending of $43k, leaving 51% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $76k to $89k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 49% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lynne F Solon Foundation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 35th percentile within IL. Charities of a similar size with the same main cause include Quincys Quest Foundation Inc ($89k), Sunrise Ministries Incorporated ($89k) and Johnson Family Stewardship Foundation ($89k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $377k against liabilities of $0, net assets of $377k.