Solon Senior Adovcates Inc

Analysis

Solon Senior Adovcates Inc is a registered charity in United States, based in Solon, IA. It received its IRS tax-exemption ruling in May 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Solon Senior Adovcates Inc reported income of $107k and spending of $48k, leaving 56% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $46k to $107k (+135%), an average of +136% a year. The sharpest change came in the year to December 2023, when income rose by 135%. Over the whole period it spent 69% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Solon Senior Adovcates Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within IA. Charities of a similar size with the same main cause include Appalachian Assistive Technology Loan Fund Inc ($107k), Catholic Charities Foundation ($107k) and Building Bridges Foundation ($107k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $228k against liabilities of $6,292, net assets of $222k.