Solbon International Inc

Analysis

Solbon International Inc is a registered charity in United States, based in Bradenton, FL. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Solbon International Inc reported income of $5.3m and spending of $4.8m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $5.3m (+103%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Solbon International Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include Metavivor Research and Support Inc ($5.3m), Hearing Speech & Deafness Center ($5.3m) and Hands Across Long Island Incorporated ($5.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $20k (0.4% of expenses). At year end it held assets of $2.4m against liabilities of $1.4m, net assets of $1.1m.