Sonder Solutions Inc

Analysis

Sonder Solutions Inc is a registered charity in United States, based in Rncho Cordova, CA. It received its IRS tax-exemption ruling in July 2016, 10 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Sonder Solutions Inc reported income of $980k and spending of $1.1m, spending 107% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $756k to $980k (+30%), an average of +5.3% a year. The sharpest change came in the year to June 2021, when income rose by 105%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Sonder Solutions Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Jefferson Economic Developement Institute ($979k), Hugh Edward Sandefur Training Center Inc ($980k) and Contra Costa County Electrical Industry Apprenticeship & Train TR ($979k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $131k (12% of expenses). Other salaries and wages came to $433k. At year end it held assets of $175k against liabilities of $184k, net assets of -$8,909.