Solve Me CFS Initiative Inc

Analysis

Solve Me CFS Initiative Inc is a registered charity in United States, based in Glendale, CA. It received its IRS tax-exemption ruling in July 1991, 35 years ago. 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 June 2023, Solve Me CFS Initiative Inc reported income of $2.0m and spending of $3.8m, spending 187% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.6m to $2.0m (-22%), an average of -5.9% a year. The sharpest change came in the year to June 2022, when income rose by 152%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Solve Me CFS Initiative Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Christ Classical Academy Inc ($2.0m), Lima Memorial Foundation ($2.0m) and Ann Arbor Symphony Orchestra Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $390k (10% of expenses). Other salaries and wages came to $768k. At year end it held assets of $2.2m against liabilities of $486k, net assets of $1.7m. It reported 16 employees.