Solutions Journalism Network Inc

Analysis

Solutions Journalism Network Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Solutions Journalism Network Inc reported income of $4.9m and spending of $9.5m, spending 192% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $9.4m to $4.9m (-48%), an average of -15% a year. The sharpest change came in the year to December 2021, when income dropped by 60%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Solutions Journalism Network Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Gooden School ($4.9m), Turkish American Society Inc ($4.9m) and RCS Learning Center Inc ($4.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 2.6% of the total. Compensation of current officers, directors and key employees was $1.2m (13% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $7.8m against liabilities of $486k, net assets of $7.4m. It reported 43 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.