Solomon House

Analysis

Solomon House is a registered charity in United States, based in New Iberia, LA. It received its IRS tax-exemption ruling in December 1998, 28 years ago. Its declared purposes cover food, agriculture and nutrition, 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 2022, Solomon House reported income of $98k and spending of $110k, spending 112% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income fell from $241k to $98k (-59%), an average of -59% a year. The sharpest change came in the year to December 2022, when income dropped by 59%. Over the whole period it spent 54% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Solomon House sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within LA. Charities of a similar size with the same main cause include The Circle of Page ($98k), Sunrise Rotary Club of Claremont Foundation ($98k) and Arizona Foundation for Women Inc ($98k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 88% of the total. At year end it held assets of $345k against liabilities of $1,110, net assets of $343k.