Sol Relief

Analysis

Sol Relief is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in March 2018, 8 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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, Sol Relief reported income of $280k and spending of $547k, spending 195% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.0m to $280k (-91%), an average of -45% a year. The sharpest change came in the year to December 2020, when income dropped by 63%. Over the whole period it spent 95% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Sol Relief sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 63rd percentile within FL. Charities of a similar size with the same main cause include Good Neighbors Ems Fund ($280k), Operation Open Water ($281k) and Gerrittsen Beach Fire Volunteers Inc ($280k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $67k (12% of expenses). Other salaries and wages came to $21k. At year end it held assets of $275k against liabilities of $0, net assets of $275k.