Solus Church Inc

Analysis

Solus Church Inc is a registered charity in United States, based in Boca Raton, FL. It received its IRS tax-exemption ruling in October 2019, 7 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 2022, Solus Church Inc reported income of $513k and spending of $420k, spending 82% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $257k to $513k (+100%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 39%. Over the whole period it spent 85% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Solus Church Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within FL. Charities of a similar size with the same main cause include Iglesia Nueva Esperanza Viva Inc ($513k), Living Waters Ranch Inc ($513k) and El Paso Texas Ignite Movement ($513k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Other salaries and wages came to $63k. At year end it held assets of $285k against liabilities of $0, net assets of $285k. It reported 5 employees.