Solel International

Analysis

Solel International is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in October 2015, 11 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 2023, Solel International reported income of $419k and spending of $138k, leaving 67% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $251k to $419k (+67%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 264%. Over the whole period it spent 54% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Solel International sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 72nd percentile within TX. Charities of a similar size with the same main cause include African Missions Project Inc ($419k), Project Feed the Kids ($419k) and East Hillsborough County District St Vincent de Paul Society ($419k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.3% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $21k (15% of expenses). Other salaries and wages came to $21k. At year end it held assets of $335k against liabilities of $401k, net assets of -$66k. It reported 2 employees.