Solid Foundation Skatepark Inc

Analysis

Solid Foundation Skatepark Inc is a registered charity in United States, based in Paterson, NJ. It received its IRS tax-exemption ruling in January 2012, 14 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 September 2023, Solid Foundation Skatepark Inc reported income of $456k and spending of $256k, leaving 44% of income unspent that year. Across the 3 years on record, from September 2019 to September 2023, income grew from $228k to $456k (+100%), an average of +41% a year. The sharpest change came in the year to September 2023, when income rose by 57%. Over the whole period it spent 81% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Solid Foundation Skatepark 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 69th percentile, and in the 74th percentile within NJ. Charities of a similar size with the same main cause include Harper for Kids ($456k), Chicag0-Lawndale Amachi Mentoring Program Lamp ($456k) and Team Kids Inc ($455k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $73k (29% of expenses). Other salaries and wages came to $93k. At year end it held assets of $209k against liabilities of $18k, net assets of $190k. It reported 12 employees.