Solution House

Analysis

Solution House is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Solution House reported income of $91k and spending of $87k, spending 96% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $359k to $91k (-75%), an average of -37% a year. The sharpest change came in the year to December 2023, when income dropped by 44%. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Solution House sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 33rd percentile within PA. Charities of a similar size with the same main cause include Homefront Non Profit Housing Corporation ($91k), Susan Parham Housing Corporation ($91k) and Forge Flint ($91k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $105k against liabilities of $147k, net assets of -$42k.