Sols Legacy Ministries

Analysis

Sols Legacy Ministries is a registered charity in United States, based in Atkinson, IL. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sols Legacy Ministries reported income of $56k and spending of $59k, spending 105% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $58k to $56k (-2.9%), an average of -2.9% a year. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Sols Legacy Ministries sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 23rd percentile within IL. Charities of a similar size with the same main cause include David Shivers Ministries Inc ($56k), Love Inc in the Name of Christ of Vermilion County ($56k) and Shree Umiya Mataji Mandir KPS - Chicago Midwest ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 13% of the total. At year end it held assets of $68k against liabilities of $238, net assets of $68k.