Soldier on Development & Management Company Inc

Analysis

Soldier on Development & Management Company Inc is a registered charity in United States, based in Pittsfield, MA. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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 June 2023, Soldier on Development & Management Company Inc reported income of $655k and spending of $1.3m, spending 196% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $444k to $655k (+48%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 59%. Over the whole period it spent 143% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Soldier on Development & Management Company Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MA. Charities of a similar size with the same main cause include College Beyond ($655k), Rosa Mystica ($656k) and American Friends of Mosdos Keneses Yeshurun Inc ($655k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $342k. At year end it held assets of $21.5m against liabilities of $17.0m, net assets of $4.4m. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.