Friends of Solar Prep

Analysis

Friends of Solar Prep is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in November 2016, 10 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 December 2023, Friends of Solar Prep reported income of $387k and spending of $315k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $362k to $387k (+7.0%), an average of +1.7% a year. The sharpest change came in the year to December 2021, when income rose by 99%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Solar Prep sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 71st percentile within TX. Charities of a similar size with the same main cause include Parents Club West Portal School ($387k), Atmospheric Vehicle and Spacecraft Flight Exploration ($387k) and American Indian Chamber of Commerce of Wisconsin Inc ($387k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $738k against liabilities of $7,591, net assets of $730k.