Solano Community Foundation

Analysis

Solano Community Foundation is a registered charity in United States, based in Fairfield, CA. It received its IRS tax-exemption ruling in March 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Solano Community Foundation reported income of $2.3m and spending of $1.0m, leaving 55% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $473k to $2.3m (+387%), an average of +48% a year. The sharpest change came in the year to December 2020, when income rose by 551%. Over the whole period it spent 76% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Solano Community Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Bartlesville Community Foundation ($2.3m), Jean Massieu Foundation ($2.3m) and United Way of Benton & Franklin Counties ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% of the total. Compensation of current officers, directors and key employees was $111k (11% of expenses). Other salaries and wages came to $173k. At year end it held assets of $12.8m against liabilities of $0, net assets of $12.8m. It reported 8 employees.