Solid Foundations

Analysis

Solid Foundations is a registered charity in United States, based in Goleta, CA. It received its IRS tax-exemption ruling in December 2020, 6 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 Foundations reported income of $87k and spending of $85k, spending 97% of its income. Across the 2 years on record, from December 2021 to December 2023, income fell from $116k to $87k (-25%), an average of -25% a year. The sharpest change came in the year to December 2023, when income dropped by 25%. Over the whole period it spent 98% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Solid Foundations sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within CA. Charities of a similar size with the same main cause include West Henrietta Fire Department Inc ($87k), Ram Ministries ($87k) and American Friends of Menifa Inc ($87k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $4,244 against liabilities of $905, net assets of $3,339.