Prime Solidarity Fund

Analysis

Prime Solidarity Fund is a registered charity in United States, based in Sugar Land, TX. It received its IRS tax-exemption ruling in October 2013, 13 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 March 2024, Prime Solidarity Fund reported income of $169k and spending of $342k, spending 202% of what it took in. Across the 6 years on record, from March 2019 to March 2024, income fell from $277k to $169k (-39%), an average of -9.4% a year. The sharpest change came in the year to March 2024, when income rose by 58%. Over the whole period it spent 105% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Prime Solidarity Fund sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within TX. Charities of a similar size with the same main cause include Safety Components First Responder 911 Foundation ($169k), Ratna Global Foundation Inc ($169k) and Abilene Wylie H S Project Graduation Inc ($169k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 89% of the total. At year end it held assets of $629k against liabilities of $0, net assets of $629k.