Lon Solomon Ministries

Analysis

Lon Solomon Ministries is a registered charity in United States, based in Falls Church, VA. It received its IRS tax-exemption ruling in December 2017, 9 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Lon Solomon Ministries reported income of $1.1m and spending of $1.2m, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $599k to $1.1m (+76%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 92% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lon Solomon Ministries sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within VA. Charities of a similar size with the same main cause include Talmudical Academy ($1.1m), Southern Adirondack Child Care Network Inc ($1.1m) and Youth for Christ USA Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $45k (3.7% of expenses). At year end it held assets of $708k against liabilities of $4,939, net assets of $703k. It reported 2 employees.