Solid Foundation Association

Analysis

Solid Foundation Association is a registered charity in United States, based in Nacogdoches, TX. It received its IRS tax-exemption ruling in December 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2023, Solid Foundation Association reported income of $66k and spending of $61k, spending 92% of its income. Across the 2 years on record, from December 2022 to August 2023, income fell from $90k to $66k (-26%), an average of -26% a year. The sharpest change came in the year to August 2023, when income dropped by 26%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Solid Foundation Association sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within TX. Charities of a similar size with the same main cause include Dunwoody High School Community Association Inc ($66k), Hammond Public Library ($66k) and Dr NH Jones Parents Organization Inc ($66k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $97k against liabilities of $0, net assets of $97k.