Solitas House Inc

Analysis

Solitas House Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2022, Solitas House Inc reported income of $804k and spending of $1.1m, spending 139% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $948k to $804k (-15%), an average of -5.4% a year. The sharpest change came in the year to December 2020, when income rose by 311%. Over the whole period it spent 78% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Solitas House Inc 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 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include Parkway Housing Development Fund Company Inc ($803k), Bnai Brith I & II Inc ($804k) and Immokalee Fair Housing Alliance ($803k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 85% and program service revenue 7.7% of the total. Compensation of current officers, directors and key employees was $102k (9.2% of expenses). Other salaries and wages came to $459k. At year end it held assets of $2.6m against liabilities of $790k, net assets of $1.8m. It reported 28 employees.