Solidara a Teamsters Organization

Analysis

Solidara a Teamsters Organization is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in December 1985, 41 years ago. Its declared purposes cover employment, which this site groups under community and economic 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, Solidara a Teamsters Organization reported income of $1.9m and spending of $1.9m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.2m to $1.9m (-17%), an average of -4.5% a year. The sharpest change came in the year to December 2020, when income rose by 38%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Solidara a Teamsters Organization sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within MN. Charities of a similar size with the same main cause include Enterprize Events Inc ($1.9m), Regional Accelerator & Innovation Network ($1.9m) and Lake Highlands Improvement District Corporation ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 6.6% of the total. Compensation of current officers, directors and key employees was $181k (9.6% of expenses). Other salaries and wages came to $524k. At year end it held assets of $1.1m against liabilities of $534k, net assets of $579k. It reported 15 employees.