Solomons Porch Worship Center

Analysis

Solomons Porch Worship Center is a registered charity in United States, based in Jessup, MD. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Solomons Porch Worship Center reported income of $260k and spending of $259k, spending 100% of its income. Across the 5 years on record, from December 2018 to December 2023, income grew from $221k to $260k (+17%), an average of +4.1% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 93% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Solomons Porch Worship Center sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within MD. Charities of a similar size with the same main cause include Sun Ministries ($260k), St Joseph Guardian of the Holy Family Conference of the Society O ($260k) and Love Inc of Greater Hershey ($260k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.8% of the total. Compensation of current officers, directors and key employees was $83k (32% of expenses). At year end it held assets of $577k against liabilities of $479k, net assets of $97k.