Solar Circle

Analysis

Solar Circle is a registered charity in United States, based in East Lansing, MI. It received its IRS tax-exemption ruling in April 1996, 30 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Solar Circle reported income of $98k and spending of $102k, spending 105% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $98k to $98k (+0.0%), an average of +0.0% a year. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Solar Circle sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 36th percentile within MI. Charities of a similar size with the same main cause include Tents of Grace Manor Housing ($98k), Vera House ($98k) and Seeds of Hope Housing Inc ($98k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $100k against liabilities of $0, net assets of $100k.