Sole Defined

Analysis

Sole Defined is a registered charity in United States, based in Capitol HGTS, MD. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Sole Defined reported income of $300k and spending of $0, leaving 100% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $192k to $300k (+57%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 120%. Over the whole period it spent 52% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sole Defined sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within MD. Charities of a similar size with the same main cause include The Queer Big Apple Corps Inc ($300k), Virginias Heritage Music Trail the Crooked Road Inc ($300k) and Colorado Artists in Recovery ($300k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $0 against liabilities of -$300k, net assets of $300k.