Soleana Stables

Analysis

Soleana Stables is a registered charity in United States, based in Pearland, TX. It received its IRS tax-exemption ruling in November 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Soleana Stables reported income of $320k and spending of $237k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income grew from $252k to $320k (+27%), an average of +27% a year. The sharpest change came in the year to December 2022, when income rose by 27%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Soleana Stables sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include The Orange County Friendship Circle ($320k), White Family Care Services ($320k) and Fall Creek School Age Program Inc ($320k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 47% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $64k (27% of expenses). At year end it held assets of $301k against liabilities of $0, net assets of $301k.