Manasota Solve Inc

Analysis

Manasota Solve Inc is a registered charity in United States, based in Bradenton, FL. It received its IRS tax-exemption ruling in December 1976, 50 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, Manasota Solve Inc reported income of $1.0m and spending of $1.1m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $694k to $1.0m (+50%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 96%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Manasota Solve Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Reaching Hope ($1.0m), Opportunity Unlimited ($1.0m) and Stepping Stones Learning Center Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% of the total. Compensation of current officers, directors and key employees was $80k (7.3% of expenses). Other salaries and wages came to $496k. At year end it held assets of $3.2m against liabilities of $86k, net assets of $3.2m. It reported 42 employees.