Salolampi Foundation

Analysis

Salolampi Foundation is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in December 1981, 45 years ago. 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, Salolampi Foundation reported income of $119k and spending of $72k, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $110k to $119k (+8.0%), an average of +1.9% a year. The sharpest change came in the year to December 2021, when income rose by 39%. Over the whole period it spent 61% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Salolampi Foundation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within MN. Charities of a similar size with the same main cause include Tom Hatcher Charity ($119k), Ride with Pride Inc ($119k) and Margaret Kinchloe Holbrook Charitable TR ($119k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% of the total. At year end it held assets of $1.7m against liabilities of $62, net assets of $1.7m.