Solhealth Corp

Analysis

Solhealth Corp is a registered charity in United States, based in Eliot, ME. It received its IRS tax-exemption ruling in April 2017, 9 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 2023, Solhealth Corp reported income of $263k and spending of $309k, spending 118% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $91k to $263k (+190%), an average of +43% a year. The sharpest change came in the year to December 2021, when income rose by 129%. Over the whole period it spent 117% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Solhealth Corp sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 53rd percentile within ME. Charities of a similar size with the same main cause include Collaborative Alliance for Pancreatic Education and Research ($263k), Love Ran Red Foundation Inc ($263k) and Gabbys Ladder Inc ($263k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $32k. At year end it held assets of $151k against liabilities of $0, net assets of $151k. It reported 1 employees.