Solaris Foundation Inc

Analysis

Solaris Foundation Inc is a registered charity in United States, based in Windermere, FL. It received its IRS tax-exemption ruling in January 2014, 12 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Solaris Foundation Inc reported income of $212.1m and spending of $213.3m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $261.7m to $212.1m (-19%), an average of -5.1% a year. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Solaris Foundation Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within FL. Charities of a similar size with the same main cause include Stamford Health Medical Group Inc ($212.0m), Hamaspik Choice Inc ($212.3m) and Brighton Community Hospital Association ($211.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 101% of the total. Other salaries and wages came to $97.8m. At year end it held assets of $93.5m against liabilities of $94.9m, net assets of -$1.3m. It reported 3,228 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.