Solid Rock Inc

Analysis

Solid Rock Inc is a registered charity in United States, based in Eastland, TX. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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, Solid Rock Inc reported income of $1.5m and spending of $984k, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $992k to $1.5m (+56%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Solid Rock Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Kundalini Research Institute ($1.5m), Mid-Carolina Area Health Education Consortium Inc ($1.5m) and Thorncroft Equestrian Center ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 29% of the total. Other salaries and wages came to $300k. At year end it held assets of $4.2m against liabilities of $6,249, net assets of $4.1m. It reported 40 employees.