Solo Parent Society

Analysis

Solo Parent Society is a registered charity in United States, based in Franklin, TN. It received its IRS tax-exemption ruling in June 2024, 2 years ago. 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, Solo Parent Society reported income of $1.4m and spending of $769k, leaving 44% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $354k to $1.4m (+289%), an average of +97% a year. The sharpest change came in the year to December 2023, when income rose by 452%. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Solo Parent Society sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within TN. Charities of a similar size with the same main cause include Sitike ($1.4m), Adult Life Programs Inc ($1.4m) and Hospice Foundation of America Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $111k (14% of expenses). It paid $15k in professional fundraising fees. At year end it held assets of $784k against liabilities of $11k, net assets of $773k.