Solutions Project Inc

Analysis

Solutions Project Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 Project Inc reported income of $19.4m and spending of $20.2m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $19.4m (+974%), an average of +81% a year. The sharpest change came in the year to December 2020, when income rose by 2420%. Over the whole period it spent 67% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Solutions Project Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Galveston Bay Foundation ($19.3m), Coastal Maine Botanical Gardens Inc ($19.4m) and Northeast Wilderness Trust ($19.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $363k (1.8% of expenses). Other salaries and wages came to $914k. At year end it held assets of $30.1m against liabilities of $1.8m, net assets of $28.3m. It reported 11 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.